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

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped down prior to trading on Tuesday . The stock had previously closed at $20.90, but opened at $20.03. Nitto Denko shares last traded at $20.8045, with a volume of 2,206 shares changing hands.

Wall Street Analyst Weigh In

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

Nitto Denko Price Performance

The firm has a market capitalization of $14.50 billion, a PE ratio of 16.31 and a beta of 0.84. The company has a 50-day moving average price of $21.19 and a 200-day moving average price of $20.30.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.The company had revenue of $1.66 billion for 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 predict that Nitto Denko Corp. will post 1.3 earnings per share 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.