Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $2.70, but opened at $2.60. Nidec shares last traded at $2.75, with a volume of 686 shares.
Nidec Trading Down 16.7%
The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 1.02. The business has a 50-day moving average of $3.87 and a 200-day moving average of $3.93. The firm has a market cap of $21.47 billion, a price-to-earnings ratio of -3.21 and a beta of 1.33.
Nidec (OTCMKTS:NJDCY – Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $4.58 billion for the quarter, compared to analyst estimates 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 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.
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