Nidec (OTCMKTS:NJDCY) Shares Climb 6.5% – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price rose 6.5% during mid-day trading on Monday. The stock traded as high as $2.77 and last traded at $2.77. Approximately 7,555 shares changed hands during trading, a decline of 72% from the average session volume of 26,603 shares. The stock had previously closed at $2.60.

Nidec Trading Up 6.5%

The firm has a market capitalization of $26.43 billion, a PE ratio of -3.96 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57. The business’s fifty day moving average price is $3.93 and its 200 day moving average price is $3.94.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings data on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%.

About Nidec

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.