Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Time to Sell?

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped down before the market opened on Friday . The stock had previously closed at $23.57, but opened at $22.43. Nitto Denko shares last traded at $23.14, with a volume of 2,099 shares traded.

Nitto Denko Stock Performance

The company has a market cap of $15.92 billion, a P/E ratio of 17.77 and a beta of 0.88. The business’s 50-day moving average price is $23.40 and its 200 day moving average price is $23.76.

Nitto Denko (OTCMKTS:NDEKY) last issued its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Equities research analysts forecast that Nitto Denko Corp. will post 1.23 earnings per share for the current year.

About Nitto Denko

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.