Nidec (OTCMKTS:NJDCY) Stock Price Passes Above Two Hundred Day Moving Average of $9.87

Nidec Co. (OTCMKTS:NJDCY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.87 and traded as high as $11.48. Nidec shares last traded at $11.38, with a volume of 81,139 shares changing hands.

Nidec Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average is $10.03 and its two-hundred day moving average is $9.86. The company has a market capitalization of $26.23 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.24.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results on Wednesday, January 24th. The industrial goods maker reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Nidec had a net margin of 5.47% and a return on equity of 8.03%. The company had revenue of $4.02 billion for the quarter. As a group, analysts predict that Nidec Co. will post 0.59 earnings per share for the current year.

Nidec Company Profile

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.