Shares of Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) fell 13% on Wednesday. The company traded as low as $2.21 and last traded at $2.21. Approximately 5,869 shares were traded during trading, a decline of 78% from the average session volume of 26,745 shares. The stock had previously closed at $2.54.
Nidec Stock Performance
The stock has a market capitalization of $23.85 billion, a PE ratio of -3.57 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 1.02. The business’s fifty day moving average price is $3.54 and its 200-day moving average price is $3.76.
Nidec (OTCMKTS:NJDCY – Get Free Report) last issued its quarterly earnings data 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The firm 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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