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

Nidec Corp. (OTCMKTS:NJDCY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.54, but opened at $3.26. Nidec shares last traded at $3.26, with a volume of 306 shares traded.

Wall Street Analysts Forecast Growth

Separately, Macquarie downgraded Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Nidec Trading Down 2.1%

The firm has a market cap of $34.78 billion, a P/E ratio of 14.02 and a beta of 0.99. The business’s 50 day moving average is $3.28 and its 200-day moving average is $3.93. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last released its earnings results 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 during the quarter, compared to the consensus estimate of $4.29 billion. Nidec had a return on equity of 10.15% and a net margin of 6.82%. As a group, analysts forecast that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

Nidec Company Profile

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.