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

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $2.50, but opened at $2.62. Nidec shares last traded at $2.60, with a volume of 2,200 shares.

Nidec Price Performance

The business has a fifty day moving average of $3.76 and a two-hundred day moving average of $3.92. The firm has a market capitalization of $23.95 billion, a price-to-earnings ratio of -3.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data 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 firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate 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.