Nitto Denko (OTCMKTS:NDEKY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Nitto Denko Corp. (OTCMKTS:NDEKY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.73 and traded as high as $24.00. Nitto Denko shares last traded at $23.11, with a volume of 44,159 shares traded.

Nitto Denko Trading Down 2.0%

The business’s 50 day simple moving average is $23.42 and its 200 day simple moving average is $23.73. The firm has a market capitalization of $15.68 billion, a PE ratio of 17.51 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last announced its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Analysts forecast that Nitto Denko Corp. will post 1.23 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.