Nidec (OTCMKTS:NJDCY) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.45 and traded as high as $5.21. Nidec shares last traded at $5.03, with a volume of 247,744 shares traded.

Nidec Stock Down 0.4%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00. The firm has a market cap of $47.99 billion, a PE ratio of 20.96, a P/E/G ratio of 0.78 and a beta of 1.14. The business has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $4.45.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings results on Thursday, April 24th. The industrial goods maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $650.52 billion. Nidec had a net margin of 6.41% and a return on equity of 9.56%. On average, analysts anticipate that Nidec Corp. will post 0.25 EPS for the current fiscal year.

About Nidec

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.