Nidec (OTCMKTS:NJDCY) Hits New 52-Week Low at $14.67

Nidec Co. (OTCMKTS:NJDCYGet Rating) shares hit a new 52-week low on Tuesday . The stock traded as low as $14.67 and last traded at $14.82, with a volume of 259461 shares trading hands. The stock had previously closed at $14.91.

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

The firm has a fifty day simple moving average of $16.17 and a 200 day simple moving average of $21.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.37. The company has a market cap of $35.35 billion, a PE ratio of 29.06 and a beta of 1.16.

Nidec (OTCMKTS:NJDCYGet Rating) last released its earnings results on Thursday, April 21st. The industrial goods maker reported $0.13 earnings per share (EPS) for the quarter. Nidec had a net margin of 7.13% and a return on equity of 11.23%. The business had revenue of $4.40 billion for the quarter.

About Nidec (OTCMKTS:NJDCY)

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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