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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares 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 Trading Up 1.5%

The stock’s fifty day simple moving average is $23.42 and its 200 day simple moving average is $23.73. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 17.77 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%.The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.64 billion. On average, analysts predict 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.