Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Here’s What Happened

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up before the market opened on Monday . The stock had previously closed at $20.15, but opened at $20.96. Nitto Denko shares last traded at $20.3120, with a volume of 8,625 shares trading hands.

Nitto Denko Stock Performance

The business’s fifty day moving average price is $21.31 and its 200-day moving average price is $23.19. The stock has a market cap of $13.93 billion, a PE ratio of 15.55 and a beta of 0.94.

Nitto Denko (OTCMKTS:NDEKY) last announced 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. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. Analysts forecast that Nitto Denko Corp. will post 1.23 earnings per share for the current fiscal 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.