Nidec Co. Hits New 52-Week High at $26.02 (NJ)
Shares of Nidec (NYSE:NJ) hit a new 52-week high on Thursday, American Banking News.com reports. The company traded as high as $26.02 and last traded at $25.96, with a volume of 14,710 shares trading hands. The stock had previously closed at $25.40.
NJ has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Nidec from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 31st. They now have a $23.40 price target on the stock.
Nidec has a 1-year low of $13.40 and a 1-year high of $25.55. The stock has a 50-day moving average of $24. and a 200-day moving average of $21.59. The company has a market cap of $13.922 billion and a price-to-earnings ratio of 130.42.
Nidec (NYSE:NJ) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.00 earnings per share for the quarter. On average, analysts predict that Nidec will post $0.97 earnings per share for the current fiscal year.
Nidec Corporation (NYSE:NJ) is a global manufacturer of electric motors, and related components and equipment.
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