Nidec (OTCMKTS:NJDCY) Reaches New 12-Month Low – Here’s Why

Nidec Co. (OTCMKTS:NJDCY) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.45 and last traded at $4.47, with a volume of 376626 shares traded. The stock had previously closed at $4.55.

Nidec Stock Performance

The stock has a fifty day moving average price of $7.48 and a 200-day moving average price of $9.85. The firm has a market capitalization of $42.65 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 0.47 and a beta of 1.11. The company has a current ratio of 1.67, a quick ratio of 1.12 and a debt-to-equity ratio of 0.31.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results on Wednesday, October 23rd. The industrial goods maker reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Nidec had a return on equity of 5.58% and a net margin of 3.77%. As a group, analysts anticipate that Nidec Co. will post 0.29 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.