Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Should You Sell?

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped down prior to trading on Friday . The stock had previously closed at $19.97, but opened at $19.09. Nitto Denko shares last traded at $19.7650, with a volume of 10,543 shares changing hands.

Nitto Denko Stock Down 3.9%

The business has a fifty day moving average price of $22.41 and a 200-day moving average price of $23.60. The company has a market cap of $13.02 billion, a P/E ratio of 14.54 and a beta of 0.88.

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