Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock price gapped down prior to trading 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 Stock Performance
The company has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $3.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 1.02.
Nidec (OTCMKTS:NJDCY – Get Free Report) last issued its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $4.15 billion.
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.
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