Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – What’s Next?

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $22.02, but opened at $23.1099. Nitto Denko shares last traded at $22.3150, with a volume of 11,746 shares trading hands.

Nitto Denko Trading Up 0.6%

The stock has a 50 day moving average of $23.80 and a 200-day moving average of $23.48. The stock has a market capitalization of $15.04 billion, a P/E ratio of 16.79 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business 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 12.78% and a net margin of 13.14%. Research analysts anticipate that Nitto Denko Corp. will post 1.23 EPS for the current year.

Nitto Denko Company Profile

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.