Nidec (OTCMKTS:NJDCY) Stock Price Passes Above 200-Day Moving Average of $30.22

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Nidec Co. (OTCMKTS:NJDCY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.22 and traded as high as $32.64. Nidec shares last traded at $31.92, with a volume of 67,465 shares.

Several research analysts have issued reports on NJDCY shares. Jefferies Financial Group started coverage on Nidec in a research note on Wednesday, January 20th. They set a “buy” rating for the company. Zacks Investment Research lowered Nidec from a “buy” rating to a “hold” rating in a research note on Wednesday, February 24th.

The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 96.73, a price-to-earnings-growth ratio of 4.47 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 0.99. The stock has a 50 day moving average price of $31.14 and a two-hundred day moving average price of $30.27.

Nidec (OTCMKTS:NJDCY) last announced its earnings results on Monday, January 25th. The industrial goods maker reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Nidec had a return on equity of 8.32% and a net margin of 5.34%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.73 billion. Sell-side analysts forecast that Nidec Co. will post 0.43 EPS for the current fiscal year.

Nidec Company Profile (OTCMKTS:NJDCY)

Nidec Corporation, together with its subsidiaries, designs, develops, produces, 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, inspection and measuring equipment, electronic devices, sensors, and other products.

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