Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares fell 16.4% during trading on Tuesday. The stock traded as low as $2.50 and last traded at $2.50. Approximately 2,350 shares changed hands during trading, a decline of 91% from the average daily volume of 26,715 shares. The stock had previously closed at $2.99.
Nidec Stock Down 14.7%
The business has a 50-day simple moving average of $3.49 and a 200-day simple moving average of $3.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. The company has a market cap of $24.33 billion, a price-to-earnings ratio of -3.64 and a beta of 1.41.
Nidec (OTCMKTS:NJDCY – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The industrial goods maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company 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 Japanese manufacturer of electric motors and related components. Founded in Kyoto in 1973 as Nippon Densan Corporation, the company adopted the name Nidec in 2014.
Its products include precision motors used in devices such as hard-disk drives, as well as motors and components for automobiles, home appliances, commercial equipment and industrial applications. Nidec also supplies machinery and other products used in manufacturing.
Headquartered in Kyoto, Nidec serves customers around the world through operations across Asia, the Americas and Europe.
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