Nidec (NJDCY) to Release Quarterly Earnings on Wednesday

Nidec (OTCMKTS:NJDCY) is anticipated to post its results before the market opens on Wednesday, February 25th. Analysts expect Nidec to post earnings of $0.0570 per share and revenue of $4.3143 billion for the quarter.

Nidec Price Performance

Nidec stock opened at $3.11 on Monday. The company’s 50 day simple moving average is $3.44 and its 200-day simple moving average is $3.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. Nidec has a 1 year low of $1.84 and a 1 year high of $5.70. The company has a market capitalization of $29.67 billion, a price-to-earnings ratio of 11.96 and a beta of 0.99.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure lowered Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.