Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares saw unusually-high trading volume on Friday. 104,365 shares changed hands during trading, an increase of 294% from the average daily volume of 26,504 shares. The stock last traded at $2.72 and had previously closed at $2.75.
Nidec Price Performance
The firm has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $3.77. The stock has a market capitalization of $24.33 billion, a P/E ratio of -3.64 and a beta of 1.33. 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 announced its quarterly earnings data 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 the consensus estimate of $4.15 billion.
Nidec Company Profile
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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