Nidec Co. (OTCMKTS:NJDCY)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $38.45 and last traded at $38.37, with a volume of 24221 shares trading hands. The stock had previously closed at $37.97.
Separately, Zacks Investment Research upgraded Nidec from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.
The stock has a 50 day simple moving average of $35.78 and a 200-day simple moving average of $33.83. The firm has a market capitalization of $43.66 billion, a P/E ratio of 45.08, a P/E/G ratio of 3.79 and a beta of 1.32. The company has a current ratio of 1.48, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.
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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