Nidec (OTCMKTS:NJDCY) Stock Price Crosses Above Fifty Day Moving Average of $32.97

Shares of Nidec Co. (OTCMKTS:NJDCY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $32.97 and traded as high as $32.28. Nidec shares last traded at $32.25, with a volume of 7,481 shares changing hands.

Several research firms have recently commented on NJDCY. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th.

The firm’s 50-day moving average is $33.02. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $3.30 billion for the quarter. Nidec had a net margin of 7.31% and a return on equity of 11.06%. On average, sell-side analysts anticipate that Nidec Co. will post 1.11 EPS for the current year.

About Nidec (OTCMKTS:NJDCY)

Nidec Corporation manufactures and sells motors and other electronic products worldwide. It offers brushless DC, brush DC, induction, SR, synchronous, servo, and stepping motors, as well as drive circuits; fans and blowers, such as DC axial flow, DC blower, and AC axial flow fans; and machinery, including inspection and measuring systems, automation units, control equipment, marking devices, and optical devices.

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