--- title: "Nitto Denko (OTCMKTS:NDEKY) Stock Passes Below Fifty Day Moving Average - Here's What Happened" type: "News" locale: "en" url: "https://longbridge.com/en/news/285806401.md" description: "Nitto Denko (OTCMKTS:NDEKY) stock fell below its 50-day moving average of $20.37, trading as low as $20.24 before closing at $20.41. The company reported Q1 earnings of $0.26 per share, missing estimates of $0.29, with revenue of $1.52 billion against expectations of $1.54 billion. Nitto Denko has a market cap of $13.85 billion and a P/E ratio of 15.58. Analysts maintain a Strong Buy rating, but suggest other stocks may be better investments." datetime: "2026-05-09T09:21:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285806401.md) - [en](https://longbridge.com/en/news/285806401.md) - [zh-HK](https://longbridge.com/zh-HK/news/285806401.md) --- # Nitto Denko (OTCMKTS:NDEKY) Stock Passes Below Fifty Day Moving Average - Here's What Happened Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report)'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 stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 15.58 and a beta of 0.87. The company has a 50-day moving average of $20.37 and a 200-day moving average of $22.70. Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS. ## 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. ## Further Reading - Five stocks we like better than Nitto Denko _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Nitto Denko Right Now? Before you consider Nitto Denko, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nitto Denko wasn't on the list. While Nitto Denko currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [6988.JP](https://longbridge.com/en/quote/6988.JP.md) ## Related News & Research - [Nitto Denko (NDEKY) Projected to Post Quarterly Earnings on Friday](https://longbridge.com/en/news/283094004.md) - [INPUT Global to Host The (un) Banked Conference During Money20/20 Europe in Amsterdam](https://longbridge.com/en/news/286737142.md) - [13:50 ETDimora Medical Launches Advanced Sacrum Silicone Absorbent Dressing to Enhance Pressure Injury Care](https://longbridge.com/en/news/287102270.md) - [EGE Haina launches Dominican Republic’s first utility-scale hybrid wind-solar plant, 200 MW](https://longbridge.com/en/news/287287562.md) - [Bank of America Securities Keeps Their Sell Rating on Taiyo Yuden Co., Ltd. (6976)](https://longbridge.com/en/news/287097659.md)