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

Nidec logo with Computer and Technology background

Shares of Nidec Co. (OTCMKTS:NJDCY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.40 and traded as high as $5.00. Nidec shares last traded at $4.87, with a volume of 370,958 shares traded.

Nidec Price Performance

The company has a market cap of $45.60 billion, a PE ratio of 29.88, a P/E/G ratio of 0.62 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $4.27 and a 200 day simple moving average of $4.41.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The industrial goods maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $650.52 billion. Nidec had a net margin of 4.41% and a return on equity of 6.45%. Equities analysts expect that Nidec Co. will post 0.25 EPS for the current year.

Nidec Company Profile

(Get Free Report)

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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