Nidec (OTCMKTS:NJDCY) Shares Gap Up – Here’s What Happened

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Tuesday. The stock had previously closed at $2.60, but opened at $2.75. Nidec shares last traded at $2.75, with a volume of 173 shares trading hands.

Nidec Trading Down 3.7%

The stock has a 50 day moving average of $3.90 and a 200-day moving average of $3.94. The company has a market capitalization of $24.81 billion, a P/E ratio of -3.71 and a beta of 1.33. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57.

Nidec (OTCMKTS:NJDCY) last released its earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate 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.