Nidec (OTCMKTS:NJDCY) Shares Gap Up – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Tuesday. The stock had previously closed at $2.60, but opened at $2.75. Nidec shares last traded at $2.75, with a volume of 173 shares.

Nidec Stock Down 1.9%

The firm has a market cap of $25.28 billion, a P/E ratio of -3.79 and a beta of 1.33. The firm’s fifty day moving average is $3.83 and its 200 day moving average is $3.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results 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 company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%.

Nidec Company Profile

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.