Nippon Electric Glass (OTCMKTS:NPEGF) Stock Price Down 6.1% – Here’s Why

Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF)’s share price fell 6.1% on Monday . The company traded as low as $38.65 and last traded at $38.65. 11,625 shares changed hands during mid-day trading, an increase of 156% from the average session volume of 4,542 shares. The stock had previously closed at $41.17.

Nippon Electric Glass Trading Down 6.1%

The business has a fifty day simple moving average of $37.75 and a 200 day simple moving average of $32.66.

About Nippon Electric Glass

Nippon Electric Glass Co, Ltd., headquartered in Ube, Yamaguchi, Japan, is a global manufacturer of specialty glass products. Established in 1944 to support Japan’s burgeoning electronics industry, the company has since diversified its portfolio to serve a broad range of applications, including flat-panel displays, semiconductor packaging, optical communications and medical/pharmaceutical vials. Its product lineup encompasses thin glass substrates for LCD and OLED screens, surface‐treated glass for touch panels, and high-purity tubing for pharmaceutical injectables.

The company operates seven primary business segments: Information Electronics, which focuses on substrates for displays and touch panels; Bio-Pharma, producing glass vials and cartridges; Renewable Energy Materials, supplying glass components for solar cells; Industrial Glass, serving chemical and lighting industries; Optical Fiber, delivering preforms for telecommunications; and Chemical Products, which include specialty glass for advanced industrial processes.