Nidec (OTCMKTS:NJDCY) Stock Price Down 7.3% – Time to Sell?

Shares of Nidec Corp. (OTCMKTS:NJDCY) were down 7.3% on Thursday. The company traded as low as $2.55 and last traded at $2.55. Approximately 4,013 shares traded hands during trading, a decline of 85% from the average session volume of 26,469 shares. The stock had previously closed at $2.75.

Nidec Stock Down 9.8%

The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of -3.29 and a beta of 1.33. The stock’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.76.

Nidec (OTCMKTS:NJDCY) 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 firm had revenue of $4.58 billion during the quarter, compared to analyst estimates 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.