Nidec (OTCMKTS:NJDCY) Shares Gap Down – Should You Sell?

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.70, but opened at $3.02. Nidec shares last traded at $3.03, with a volume of 3,232 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NJDCY. Macquarie lowered Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Zacks Research upgraded Nidec from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Wall Street Zen upgraded shares of Nidec from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 23rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Nidec currently has an average rating of “Hold”.

Nidec Stock Down 17.7%

The business’s 50 day moving average is $3.84 and its 200 day moving average is $4.50. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The company has a market cap of $29.05 billion, a P/E ratio of 13.24 and a beta of 1.14.

Nidec (OTCMKTS:NJDCY) last announced its earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.29 billion. Nidec had a net margin of 6.06% and a return on equity of 9.18%. As a group, equities analysts anticipate that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.