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

Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Tuesday. The stock had previously closed at $2.60, but opened at $2.50. Nidec shares last traded at $2.50, with a volume of 1,709 shares traded.

Nidec Stock Up 15.4%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. The business has a 50 day simple moving average of $3.77 and a 200-day simple moving average of $3.78. The firm has a market capitalization of $28.62 billion, a price-to-earnings ratio of -4.29 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings results 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.15 billion.

Nidec Company Profile

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.