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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $22.32, but opened at $23.16. Nitto Denko shares last traded at $22.30, with a volume of 623 shares traded.

Nitto Denko Trading Down 0.2%

The company has a market capitalization of $15.12 billion, a P/E ratio of 17.01 and a beta of 0.83. The company’s 50 day moving average is $21.77 and its 200-day moving average is $20.43.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Analysts predict that Nitto Denko Corp. will post 1.3 EPS for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation is a Japanese materials and technology company that develops products based on polymer, adhesive, coating, and membrane technologies. Founded in 1918, the company serves industrial, electronics, automotive, healthcare, and environmental markets through a broad portfolio of specialized materials and components.

Its products include industrial and double-sided adhesive tapes, protective and sealing materials, semiconductor and circuit-related materials, and optical films used in displays.