Nidec (OTCMKTS:NJDCY) Trading Down 10.5% – What’s Next?

Shares of Nidec Corp. (OTCMKTS:NJDCY) traded down 10.5% on Friday . The stock traded as low as $3.16 and last traded at $3.16. 220 shares traded hands during trading, a decline of 100% from the average session volume of 337,131 shares. The stock had previously closed at $3.53.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Nidec from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 23rd. Zacks Research raised Nidec from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Nidec Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $3.97 and its two-hundred day moving average price is $4.55. The stock has a market capitalization of $34.25 billion, a PE ratio of 15.61 and a beta of 1.14.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter. Nidec had a return on equity of 9.18% and a net margin of 6.06%. On average, equities analysts predict that Nidec Corp. will post 0.25 earnings per share for the current year.

About Nidec

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/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.