Nidec (OTCMKTS:NJDCY) Shares Gap Up – Should You Buy?

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Monday. The stock had previously closed at $2.30, but opened at $2.54. Nidec shares last traded at $2.55, with a volume of 2,530 shares traded.

Nidec Price Performance

The firm has a market capitalization of $21.94 billion, a P/E ratio of -3.29 and a beta of 1.42. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $3.60 and its 200-day moving average is $3.76.

Nidec (OTCMKTS:NJDCY) last issued its 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 net margin of 17.80% and a negative return on equity of 33.77%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion.

About Nidec

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.