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

Nidec Corp. (OTCMKTS:NJDCY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $2.60, but opened at $2.50. Nidec shares last traded at $2.50, with a volume of 1,709 shares changing hands.

Nidec Stock Up 15.4%

The company has a market capitalization of $28.62 billion, a PE ratio of -4.29 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $3.77 and a two-hundred day moving average of $3.78.

Nidec (OTCMKTS:NJDCY) last posted 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 net margin of 17.80% and a negative return on equity of 33.77%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.15 billion.

Nidec Company Profile

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.