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.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nitto Denko Stock Up 0.2%

The company has a market cap of $13.90 billion, a price-to-earnings ratio of 15.63 and a beta of 0.84. The company’s fifty day moving average price is $21.08 and its two-hundred day moving average price is $20.39.

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

Nitto Denko Company Profile

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.