Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Still a Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $20.44, but opened at $21.0255. Nitto Denko shares last traded at $20.5220, with a volume of 2,091 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nitto Denko currently has an average rating of “Hold”.

Nitto Denko Stock Up 0.2%

The firm has a fifty day moving average of $21.08 and a 200-day moving average of $20.39. The firm has a market cap of $13.90 billion, a P/E ratio of 15.63 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Sell-side analysts anticipate that Nitto Denko Corp. will post 1.3 EPS for the current year.

About Nitto Denko

Nitto Denko Corporation is a Japan-based materials manufacturer that develops and produces specialty products for industrial, electronics, automotive, medical and other markets. The company is known for its expertise in adhesives, polymer processing, coating and materials engineering.

Its product portfolio includes industrial and electronic adhesive tapes, protective and release films, optical films used in displays, sealing and insulation materials, semiconductor-related products, flexible printed circuit materials, and medical and healthcare products.