Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Here’s Why

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up before the market opened on Tuesday . The stock had previously closed at $19.48, but opened at $20.14. Nitto Denko shares last traded at $19.2050, with a volume of 17,452 shares traded.

Nitto Denko Stock Performance

The company has a 50 day moving average of $21.46 and a two-hundred day moving average of $23.28. The stock has a market capitalization of $13.82 billion, a PE ratio of 15.42 and a beta of 0.94.

Nitto Denko (OTCMKTS:NDEKY) last announced its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%.The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. As a group, research analysts predict that Nitto Denko Corp. will post 1.23 EPS for the current fiscal year.

About Nitto Denko

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.