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

Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Wednesday. The stock had previously closed at $2.70, but opened at $2.60. Nidec shares last traded at $2.75, with a volume of 686 shares traded.

Nidec Trading Down 16.7%

The business’s 50 day simple moving average is $3.87 and its 200 day simple moving average is $3.93. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of -3.21 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.

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

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.