Nitto Denko (OTCMKTS:NDEKY) Stock Price Down 4.9% – Here’s What Happened

Nitto Denko Corp. (OTCMKTS:NDEKY) was down 4.9% during trading on Thursday . The stock traded as low as $18.89 and last traded at $19.1110. Approximately 2,811 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 110,785 shares. The stock had previously closed at $20.09.

Nitto Denko Stock Down 4.3%

The firm’s 50 day simple moving average is $21.80 and its 200 day simple moving average is $23.41. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 14.57 and a beta of 0.94.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%.The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. Analysts anticipate that Nitto Denko Corp. will post 1.23 EPS for the current fiscal year.

About Nitto Denko

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.