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

Key Points

• Nidec Corporation shares have surpassed their 200-day moving average of $4.51, with recent trading peaking at $5.00.
• Analysts at Wall Street Zen downgraded Nidec's rating from "buy" to "hold" on July 31st.
• The company posted earnings of $0.07 per share for the previous quarter, which met analysts' expectations, alongside a revenue of $4.35 billion.

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 $4.51 and traded as high as $5.00. Nidec shares last traded at $4.91, with a volume of 87,193 shares.

Analyst Upgrades and Downgrades

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

Nidec Trading Up 0.3%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00. The firm's 50 day moving average is $4.84 and its 200 day moving average is $4.51. The company has a market capitalization of $46.61 billion, a PE ratio of 21.24, a P/E/G ratio of 0.75 and a beta of 1.08.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $647.61 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. As a group, equities analysts predict 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.