Nidec (OTCMKTS:NJDCY) Shares Gap Up – Should You Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $2.30, but opened at $2.54. Nidec shares last traded at $2.55, with a volume of 2,530 shares trading hands.

Nidec Stock Performance

The company has a market cap of $21.94 billion, a P/E ratio of -3.29 and a beta of 1.42. The stock has a 50 day moving average price of $3.60 and a two-hundred day moving average price of $3.76. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data 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). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%.

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.