Nidec (NJDCY) to Release Quarterly Earnings on Tuesday

Nidec (OTCMKTS:NJDCY) is expected to be posting its resultson Tuesday, July 28th. Analysts expect Nidec to announce earnings of $0.1085 per share and revenue of $4.5090 billion for the quarter.

Nidec Price Performance

Shares of Nidec stock opened at $3.86 on Friday. Nidec has a 1 year low of $1.84 and a 1 year high of $5.70. The firm has a market cap of $36.83 billion, a PE ratio of 14.85 and a beta of 1.29. The company has a 50 day simple moving average of $4.10 and a two-hundred day simple moving average of $3.75.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Nidec has an average rating of “Hold”.

Nidec Company Profile

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.