Nidec (OTCMKTS:NJDCY) Shares Down 16.4% – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY)’s stock price was down 16.4% on Tuesday. The company traded as low as $2.50 and last traded at $2.50. Approximately 2,350 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 26,715 shares. The stock had previously closed at $2.99.

Nidec Trading Up 8.0%

The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of -3.86 and a beta of 1.41. The company has a fifty day simple moving average of $3.43 and a 200-day simple moving average of $3.74.

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

Nidec Company Profile

Nidec Corporation is a Japanese manufacturer of electric motors and related components. Founded in Kyoto in 1973 as Nippon Densan Corporation, the company adopted the name Nidec in 2014. Its products include precision motors used in devices such as hard-disk drives, as well as motors and components for automobiles, home appliances, commercial equipment and industrial applications. Nidec also supplies machinery and other products used in manufacturing. Headquartered in Kyoto, Nidec serves customers around the world through operations across Asia, the Americas and Europe.