Separately, Zacks Investment Research upgraded Nidec from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th.
Shares of NJDCY stock opened at $34.58 on Tuesday. Nidec has a fifty-two week low of $26.02 and a fifty-two week high of $39.31. The stock has a market capitalization of $40.95 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.73 and a quick ratio of 1.25. The business’s 50-day simple moving average is $32.66.
Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). Nidec had a return on equity of 11.06% and a net margin of 7.31%. The business had revenue of $3.30 billion for the quarter. As a group, equities analysts expect that Nidec will post 1.17 earnings per share 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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