Nidec (OTCMKTS:NJDCY) Stock Price Down 4.3% – Time to Sell?

Shares of Nidec Corp. (OTCMKTS:NJDCY) fell 4.3% during mid-day trading on Thursday . The company traded as low as $3.06 and last traded at $3.08. 4,879 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 333,950 shares. The stock had previously closed at $3.22.

Wall Street Analyst Weigh In

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

Nidec Stock Performance

The company has a market capitalization of $28.34 billion, a PE ratio of 12.91 and a beta of 1.14. The firm has a 50-day moving average of $3.88 and a two-hundred day moving average of $4.52. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Nidec had a return on equity of 9.18% and a net margin of 6.06%.The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.29 billion. Research analysts anticipate that Nidec Corp. will post 0.25 EPS for the current year.

About Nidec

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.