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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price 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 traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 8th. One research 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 Trading Up 1.0%

The company has a fifty day simple moving average of $21.27 and a 200-day simple moving average of $20.28. The company has a market capitalization of $14.69 billion, a PE ratio of 16.52 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last released 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 return on equity of 12.13% and a net margin of 12.94%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, equities analysts predict 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.