Nidec (OTCMKTS:NJDCY) Shares Gap Up – Still a Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $3.25, but opened at $3.40. Nidec shares last traded at $3.40, with a volume of 495 shares.

Nidec Price Performance

The stock has a market capitalization of $32.06 billion, a P/E ratio of -4.80 and a beta of 1.33. The stock’s fifty day moving average is $4.06 and its two-hundred day moving average is $3.94.

Nidec (OTCMKTS:NJDCY) last issued its quarterly 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 net margin of 17.80% and a negative return on equity of 27.00%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.15 billion.

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.