Nidec (OTCMKTS:NJDCY) Sees Unusually-High Trading Volume – Should You Buy?

Nidec Corp. (OTCMKTS:NJDCY) saw unusually-strong trading volume on Friday. 57,933 shares traded hands during mid-day trading, an increase of 120% from the previous session’s volume of 26,298 shares. The stock last traded at $2.83 and had previously closed at $2.75.

Nidec Stock Up 12.7%

The company has a 50 day moving average of $3.96 and a 200 day moving average of $3.94. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of -4.43 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion. Nidec had a negative return on equity of 29.23% 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 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.