Nidec (OTCMKTS:NJDCY) Stock Price Down 21.7% – Should You Sell?

Nidec Corp. (OTCMKTS:NJDCY) fell 21.7% during mid-day trading on Friday . The company traded as low as $3.00 and last traded at $3.21. 1,351 shares were traded during trading, a decline of 97% from the average session volume of 42,457 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure 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, According to MarketBeat.com, Nidec has an average rating of “Hold”.

Nidec Trading Down 7.8%

The business has a 50-day moving average of $3.37 and a 200-day moving average of $3.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of 14.54 and a beta of 0.99.

Nidec (OTCMKTS:NJDCY) last posted its quarterly 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). Nidec had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.29 billion. Research analysts anticipate that Nidec Corp. will post 0.25 EPS 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.