Nidec (OTCMKTS:NJDCY) Shares Down 9% – Should You Sell?

Nidec Corp. (OTCMKTS:NJDCY) dropped 9% during trading on Friday . The stock traded as low as $2.87 and last traded at $2.87. Approximately 6,169 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 315,577 shares. The stock had previously closed at $3.1550.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Nidec from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Wall Street Zen raised Nidec from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 23rd. Finally, Macquarie lowered Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Nidec Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.00. The company’s 50 day simple moving average is $3.36 and its 200 day simple moving average is $4.28. The company has a market capitalization of $28.72 billion, a PE ratio of 11.58 and a beta of 0.98.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Nidec had a return on equity of 10.15% and a net margin of 6.82%. As a group, sell-side analysts predict that Nidec Corp. will post 0.25 earnings per share for the current year.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.