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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped up prior to trading on Thursday . The stock had previously closed at $19.64, but opened at $20.73. Nitto Denko shares last traded at $20.73, with a volume of 700 shares traded.

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nitto Denko Stock Performance

The company’s 50-day moving average is $19.35 and its 200-day moving average is $21.17. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 15.27 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

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.