Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock price shot up 6.5% during trading on Monday. The company traded as high as $2.77 and last traded at $2.77. 7,555 shares were traded during mid-day trading, a decline of 72% from the average session volume of 26,603 shares. The stock had previously closed at $2.60.
Nidec Price Performance
The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of -3.96 and a beta of 1.33. The company has a 50 day moving average of $3.93 and a 200 day moving average of $3.94. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57.
Nidec (OTCMKTS:NJDCY – Get Free Report) last released its earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Nidec had a negative return on equity of 33.77% and a negative net margin of 17.80%. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.15 billion.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops precision motors used in hard disk drives, optical disk drives, smartphones, cameras, and other electronic equipment, as well as motors and systems for automobiles, household appliances, commercial equipment, industrial machinery, and robotics.
Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a specialist producer of small precision motors into a diversified global motor and motion-control company.
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