Nidec (OTCMKTS:NJDCY) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Nidec Corp. shares have surpassed their 200-day moving average of $4.56, reaching a high of $5.42 before closing at $5.33.
• Wall Street Zen downgraded Nidec from a "buy" rating to a "hold" rating as of July 31st, reflecting a shift in analyst sentiment.
• The company reported a $0.07 EPS for the last quarter, aligning with analysts' expectations, and projects future earnings of $1.210 EPS for FY 2025.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.56 and traded as high as $5.42. Nidec shares last traded at $5.33, with a volume of 76,242 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Nidec from a "buy" rating to a "hold" rating in a report on Thursday, July 31st.

Nidec Trading Up 2.1%

The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The company has a market cap of $50.85 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 0.80 and a beta of 1.08. The firm has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $4.56.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $647.61 billion. Nidec had a net margin of 6.06% and a return on equity of 9.18%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. As a group, equities analysts forecast that Nidec Corp. will post 0.25 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.

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