Nitto Denko (OTCMKTS:NDEKY) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.37 and traded as low as $20.24. Nitto Denko shares last traded at $20.41, with a volume of 50,127 shares traded.

Nitto Denko Stock Performance

The company has a 50-day moving average of $20.37 and a 200-day moving average of $22.70. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 15.58 and a beta of 0.87.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

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.