Nitto Denko (OTCMKTS:NDEKY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Nitto Denko Corp. (OTCMKTS:NDEKY) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.87 and traded as low as $18.98. Nitto Denko shares last traded at $19.29, with a volume of 70,318 shares changing hands.

Nitto Denko Stock Performance

The company’s 50-day moving average price is $19.84 and its 200 day moving average price is $22.26. The stock has a market capitalization of $13.13 billion, a PE ratio of 14.76 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations 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.