Nidec (OTCMKTS:NJDCY) Stock Price Down 27.1% – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY)’s share price dropped 27.1% during mid-day trading on Thursday. The stock traded as low as $2.80 and last traded at $2.80. 9,670 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 26,386 shares. The stock had previously closed at $3.84.

Nidec Trading Down 5.5%

The business’s 50 day moving average is $3.93 and its 200 day moving average is $3.93. 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 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 29.23%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.15 billion.

Nidec Company Profile

Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.

Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.