Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Time to Sell?

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped down prior to trading on Monday . The stock had previously closed at $21.94, but opened at $20.69. Nitto Denko shares last traded at $21.44, with a volume of 4,099 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut 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.com, Nitto Denko currently has a consensus rating of “Hold”.

Nitto Denko Trading Up 1.0%

The company has a fifty day simple moving average of $21.27 and a two-hundred day simple moving average of $20.28. The company has a market cap of $14.69 billion, a PE ratio of 16.52 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 (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, research analysts anticipate that Nitto Denko Corp. will post 1.3 EPS for the current fiscal 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.