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

Nidec Corp. (OTCMKTS:NJDCY) gapped down prior to trading on Thursday . The stock had previously closed at $3.83, but opened at $3.50. Nidec shares last traded at $3.50, with a volume of 463 shares trading hands.

Analyst Ratings Changes

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

Nidec Trading Down 2.4%

The firm has a market capitalization of $38.16 billion, a price-to-earnings ratio of 15.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The company has a 50-day moving average price of $3.38 and a 200-day moving average price of $3.88.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $4.30 billion for 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, research analysts forecast that Nidec Corp. will post 0.25 EPS 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.