Nidec (OTCMKTS:NJDCY) Share Price Crosses Above 200 Day Moving Average of $18.36

Nidec Co. (OTCMKTS:NJDCYGet Rating) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.36 and traded as high as $18.89. Nidec shares last traded at $18.39, with a volume of 61,647 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Nidec from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, April 13th.

Nidec Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 1.32. The stock’s 50 day simple moving average is $16.29 and its two-hundred day simple moving average is $18.30.

Nidec (OTCMKTS:NJDCYGet Rating) last posted its earnings results on Wednesday, July 20th. The industrial goods maker reported $0.14 earnings per share (EPS) for the quarter. Nidec had a return on equity of 11.13% and a net margin of 7.18%. The company had revenue of $4.17 billion during the quarter.

Nidec Company Profile

(Get Rating)

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, inspection and measuring equipment, electronic devices, sensors, and other products.

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