Nidec (OTCMKTS:NJDCY) Stock Passes Above 200-Day Moving Average of $10.22

Shares of Nidec Co. (OTCMKTS:NJDCYGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.22 and traded as high as $12.75. Nidec shares last traded at $11.49, with a volume of 68,724 shares.

Nidec Stock Down 3.3 %

The stock has a market capitalization of $26.48 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average is $11.29 and its 200 day moving average is $10.22.

Nidec (OTCMKTS:NJDCYGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial goods maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Nidec had a net margin of 5.47% and a return on equity of 7.95%. As a group, analysts anticipate that Nidec Co. will post 0.59 EPS for the current year.

About Nidec

(Get Free Report)

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.

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