Nidec (OTCMKTS:NJDCY) Stock Price Down 7.3% – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY)’s share price dropped 7.3% during mid-day trading on Thursday. The stock traded as low as $2.55 and last traded at $2.55. Approximately 4,013 shares changed hands during trading, a decline of 85% from the average session volume of 26,469 shares. The stock had previously closed at $2.75.

Nidec Trading Up 27.3%

The company has a market cap of $33.39 billion, a price-to-earnings ratio of -5.00 and a beta of 1.33. The company’s 50 day moving average price is $3.67 and its 200 day moving average price is $3.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company 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%.

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.