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

by · The Cerbat Gem

Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $24.02, but opened at $23.19. Nitto Denko shares last traded at $24.12, with a volume of 3,574 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Nitto Denko from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Check Out Our Latest Report on Nitto Denko

Nitto Denko Stock Up 0.3%

The company has a fifty day simple moving average of $24.59 and a 200-day simple moving average of $22.49. The firm has a market cap of $16.35 billion, a P/E ratio of 19.42 and a beta of 0.88.

About Nitto Denko

(Get Free Report)

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.

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