Nidec (OTCMKTS:NJDCY) Shares Break Below 200-Day Moving Average – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.75 and traded as low as $2.00. Nidec shares last traded at $2.50, with a volume of 35,121 shares trading hands.

Nidec Stock Down 37.7%

The company has a market capitalization of $23.85 billion, a P/E ratio of -3.57 and a beta of 1.41. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $3.45 and a 200 day moving average price of $3.75.

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

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.