Nidec (OTCMKTS:NJDCY) Stock Price Down 17% – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY) shares traded down 17% during trading on Thursday. The stock traded as low as $2.20 and last traded at $2.20. 11,356 shares traded hands during trading, a decline of 58% from the average session volume of 26,782 shares. The stock had previously closed at $2.65.

Nidec Stock Performance

The company has a market cap of $24.81 billion, a P/E ratio of -3.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 1.02. The business has a 50-day moving average of $3.80 and a two-hundred day moving average of $3.92.

Nidec (OTCMKTS:NJDCY) last announced its 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion.

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.