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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $20.36, but opened at $19.27. Nitto Denko shares last traded at $19.27, with a volume of 380 shares.

Nitto Denko Price Performance

The company has a market capitalization of $13.67 billion, a P/E ratio of 15.27 and a beta of 0.94. The company has a fifty day moving average price of $21.38 and a two-hundred day moving average price of $23.23.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.64 billion. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%. As a group, sell-side 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.