Nidec (OTCMKTS:NJDCY) Stock Falls 8.2% – Should You Sell?

Shares of Nidec Corp. (OTCMKTS:NJDCY) were down 8.2% during mid-day trading on Friday. The stock traded as low as $3.01 and last traded at $3.01. Approximately 1,771 shares were traded during trading, a decline of 93% from the average session volume of 26,591 shares. The stock had previously closed at $3.28.

Nidec Trading Down 3.0%

The firm has a market capitalization of $30.34 billion, a P/E ratio of -4.54 and a beta of 1.33. The company has a 50-day moving average of $4.05 and a 200-day moving average of $3.94.

Nidec (OTCMKTS:NJDCY) last released 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). The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 27.00%.

About Nidec

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.