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Nidec (OTCMKTS:NJDCY) Shares Pass Above 200 Day Moving Average - Here's What Happened

Nidec logo with Computer and Technology background

Shares of Nidec Co. (OTCMKTS:NJDCY - Get Free Report) passed 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 $46.08 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.11. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $4.41.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial goods maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $650.52 billion. Nidec had a return on equity of 6.45% and a net margin of 4.41%. As a group, equities research analysts anticipate that Nidec Co. will post 0.25 EPS for the current fiscal year.

About Nidec

(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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