Nidec (OTCMKTS:NJDCY) Sees Large Volume Increase – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY) shares saw unusually-strong trading volume on Friday. Approximately 57,933 shares were traded during mid-day trading, an increase of 120% from the previous session’s volume of 26,298 shares. The stock last traded at $2.83 and had previously closed at $2.75.

Nidec Stock Up 12.7%

The company’s fifty day moving average is $3.96 and its 200 day moving average is $3.94. The stock has a market cap of $29.58 billion, a PE ratio of -4.43 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last released 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 29.23% and a negative net margin of 17.80%. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.15 billion.

Nidec Company Profile

Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.

Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.