Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.83 and traded as high as $21.81. Nitto Denko shares last traded at $21.56, with a volume of 21,590 shares traded.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Nitto Denko
Nitto Denko Stock Down 0.8%
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). Nitto Denko had a return on equity of 12.35% and a net margin of 12.94%.The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, research analysts forecast that Nitto Denko Corp. will post 1.3 earnings per share 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.
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