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

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Tuesday. The stock had previously closed at $2.60, but opened at $2.75. Nidec shares last traded at $2.75, with a volume of 173 shares trading hands.

Nidec Price Performance

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 firm’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $3.94. The stock has a market capitalization of $24.81 billion, a PE ratio of -3.71 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last issued its earnings results 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 33.77% and a negative net margin of 17.80%. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations 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.