Nidec (OTCMKTS:NJDCY) Reaches New 52-Week High at $38.45

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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.

About Nidec (OTCMKTS:NJDCY)

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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