Nidec (OTCMKTS:NJDCY) Shares Cross Above 200 Day Moving Average - Here's Why

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.45 and traded as high as $5.21. Nidec shares last traded at $5.03, with a volume of 247,744 shares changing hands.

Nidec Stock Performance

The firm has a market capitalization of $46.40 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.78 and a beta of 1.14. The stock has a fifty day moving average of $4.70 and a 200-day moving average of $4.45. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its earnings results on Thursday, April 24th. The industrial goods maker reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). Nidec had a net margin of 6.41% and a return on equity of 9.56%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $650.52 billion. On average, research analysts anticipate that Nidec Corp. will post 0.25 EPS 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.