Nidec (OTCMKTS:NJDCY) Shares Gap Down – What’s Next?

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.67, but opened at $3.00. Nidec shares last traded at $3.00, with a volume of 269 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Nidec Trading Down 3.0%

The company’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $3.96. The firm has a market cap of $32.49 billion, a P/E ratio of 13.10 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Nidec had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.29 billion. As a group, research analysts predict that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.