Nidec (OTCMKTS:NJDCY) Shares Gap Up – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $2.50, but opened at $2.60. Nidec shares last traded at $2.60, with a volume of 1,484 shares.

Nidec Trading Down 7.4%

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 stock has a market capitalization of $23.85 billion, a P/E ratio of -3.57 and a beta of 1.41. The firm’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.74.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings data on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%.

About Nidec

Nidec Corporation is a Japanese manufacturer of electric motors and related components. Founded in Kyoto in 1973 as Nippon Densan Corporation, the company adopted the name Nidec in 2014. Its products include precision motors used in devices such as hard-disk drives, as well as motors and components for automobiles, home appliances, commercial equipment and industrial applications. Nidec also supplies machinery and other products used in manufacturing. Headquartered in Kyoto, Nidec serves customers around the world through operations across Asia, the Americas and Europe.