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

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price crossed 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 traded.

Nidec Trading Up 0.3%

The company has a market capitalization of $46.54 billion, a P/E ratio of 20.33, a P/E/G ratio of 0.75 and a beta of 1.14. 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 firm's 50-day moving average price is $4.72 and its 200 day moving average price is $4.45.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued its quarterly earnings data 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). Nidec had a return on equity of 9.56% and a net margin of 6.41%. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $650.52 billion. As a group, equities research analysts predict that Nidec Corp. will post 0.25 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.