Nidec (OTCMKTS:NJDCY) Shares Down 7.3% – Here’s What Happened

Shares of Nidec Corp. (OTCMKTS:NJDCY) traded down 7.3% during trading on Thursday. The company traded as low as $2.55 and last traded at $2.55. Approximately 4,013 shares were traded during trading, a decline of 85% from the average daily volume of 26,469 shares. The stock had previously closed at $2.75.

Nidec Stock Up 27.3%

The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $33.39 billion, a P/E ratio of -5.00 and a beta of 1.33. The firm has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $3.77.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings data on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (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 company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion.

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.