Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Time to Sell?

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $22.09, but opened at $20.6169. Nitto Denko shares last traded at $21.13, with a volume of 922 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Nitto Denko has an average rating of “Hold”.

Nitto Denko Trading Down 6.7%

The firm has a fifty day simple moving average of $21.04 and a two-hundred day simple moving average of $20.43. The stock has a market cap of $13.99 billion, a PE ratio of 15.74 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results 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). The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Equities analysts forecast that Nitto Denko Corp. will post 1.3 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.