Nidec (OTCMKTS:NJDCY) Shares Climb 6.5% – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY) shot up 6.5% during mid-day trading on Monday. The stock traded as high as $2.77 and last traded at $2.77. Approximately 7,555 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 26,603 shares. The stock had previously closed at $2.60.

Nidec Price Performance

The firm’s 50-day moving average price is $3.87 and its 200 day moving average price is $3.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $4.58 billion for the quarter, compared to the consensus estimate 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.