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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $23.78, but opened at $24.87. Nitto Denko shares last traded at $23.7490, with a volume of 6,374 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Nitto Denko from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Nitto Denko presently has an average rating of “Strong Buy”.

Nitto Denko Price Performance

The business has a 50 day simple moving average of $24.14 and a 200 day simple moving average of $23.21. The stock has a market cap of $16.12 billion, a PE ratio of 19.15 and a beta of 0.88.

Nitto Denko Company Profile

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.