Nidec (OTCMKTS:NJDCY) Shares Gap Down – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $2.54, but opened at $2.40. Nidec shares last traded at $2.20, with a volume of 703 shares trading hands.

Nidec Stock Up 6.3%

The business has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $3.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. The company has a market cap of $25.76 billion, a price-to-earnings ratio of -3.86 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY – Get Free Report) last posted its earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%.

Nidec Company Profile

(Get Free Report)

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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