Shares of Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $20.44, but opened at $21.0255. Nitto Denko shares last traded at $20.5220, with a volume of 2,091 shares trading hands.
Wall Street Analysts Forecast Growth
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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
Get Our Latest Report on Nitto Denko
Nitto Denko Stock Performance
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations 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. On average, equities analysts anticipate that Nitto Denko Corp. will post 1.3 EPS for the current year.
About Nitto Denko
Nitto Denko Corporation is a Japan-based materials manufacturer that develops and produces specialty products for industrial, electronics, automotive, medical and other markets. The company is known for its expertise in adhesives, polymer processing, coating and materials engineering.
Its product portfolio includes industrial and electronic adhesive tapes, protective and release films, optical films used in displays, sealing and insulation materials, semiconductor-related products, flexible printed circuit materials, and medical and healthcare products.
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