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.


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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