Nidec (OTCMKTS:NJDCY) Posts Earnings Results, Hits Expectations

Nidec (OTCMKTS:NJDCY) posted its earnings results on Wednesday. The industrial goods maker reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03, Yahoo Finance reports. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.13 billion. Nidec had a return on equity of 6.95% and a net margin of 4.80%.

Nidec Stock Performance

Shares of NJDCY stock traded up $0.21 during trading hours on Friday, hitting $4.94. The stock had a trading volume of 317,772 shares, compared to its average volume of 110,416. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 1.12. The firm has a market capitalization of $47.13 billion, a PE ratio of 28.23, a PEG ratio of 0.64 and a beta of 1.11. The stock’s 50 day moving average is $9.09 and its 200 day moving average is $10.45. Nidec has a twelve month low of $4.47 and a twelve month high of $6.63.

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.