Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Should You Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up prior to trading on Tuesday. The stock had previously closed at $22.82, but opened at $23.83. Nitto Denko shares last traded at $22.4650, with a volume of 89 shares trading hands.

Nitto Denko Stock Performance

The company has a market capitalization of $15.61 billion, a P/E ratio of 17.56 and a beta of 0.83. The business has a 50 day moving average of $21.92 and a 200-day moving average of $20.61.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. As a group, equities analysts forecast that Nitto Denko Corp. will post 1.30 EPS for the current fiscal year.

About Nitto Denko

Nitto Denko Corporation is a Japanese materials and manufacturing company that develops and supplies high-performance products for industrial, electronic, automotive, life science and other applications. Founded in 1918, the company has expanded from its original focus on electrical insulation materials into a diversified global technology business.

Its product portfolio includes industrial and specialty adhesive tapes, protective films, sealing and insulation materials, optical films used in displays, flexible printed circuit materials, and materials for semiconductor manufacturing.