Nidec (OTCMKTS:NJDCY) Share Price Passes Above 200 Day Moving Average of $9.89

Nidec Co. (OTCMKTS:NJDCY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.89 and traded as high as $10.99. Nidec shares last traded at $10.91, with a volume of 80,000 shares.

Nidec Trading Down 0.1 %

The firm has a fifty day moving average of $9.83 and a 200-day moving average of $9.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.55. The firm has a market cap of $25.14 billion, a P/E ratio of 41.96, a P/E/G ratio of 0.40 and a beta of 1.24.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Wednesday, January 24th. The industrial goods maker reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Nidec had a return on equity of 5.35% and a net margin of 3.55%. The business had revenue of $4.02 billion for the quarter. Equities research analysts forecast that Nidec Co. will post 0.45 earnings per share for the current 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.