Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $3.25, but opened at $3.40. Nidec shares last traded at $3.40, with a volume of 495 shares changing hands.
Nidec Stock Performance
The business’s 50-day moving average price is $4.08 and its 200 day moving average price is $3.94. The company has a market cap of $31.96 billion, a P/E ratio of -4.79 and a beta of 1.33.
Nidec (OTCMKTS:NJDCY – Get Free Report) last issued 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). Nidec had a negative return on equity of 27.00% 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 and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.
Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.
Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.
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