Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares fell 17% during mid-day trading on Thursday. The stock traded as low as $2.20 and last traded at $2.20. 11,356 shares traded hands during trading, a decline of 58% from the average session volume of 26,782 shares. The stock had previously closed at $2.65.
Nidec Stock Down 1.9%
The business has a fifty day simple moving average of $3.80 and a 200 day simple moving average of $3.92. 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 firm has a market cap of $24.81 billion, a price-to-earnings ratio of -3.71 and a beta of 1.33.
Nidec (OTCMKTS:NJDCY – Get Free Report) last announced its earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.15 billion. Nidec had a negative return on equity of 33.77% and a negative net margin of 17.80%.
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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