Nidec (OTCMKTS:NJDCY) Shares Gap Up – Still a Buy?

Nidec Corp. (OTCMKTS:NJDCY) shares gapped up before the market opened on Monday. The stock had previously closed at $2.30, but opened at $2.54. Nidec shares last traded at $2.55, with a volume of 2,530 shares.

Nidec Trading Down 3.7%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. The firm has a market cap of $24.81 billion, a P/E ratio of -3.71 and a beta of 1.41. The firm has a 50 day simple moving average of $3.54 and a 200 day simple moving average of $3.76.

Nidec (OTCMKTS:NJDCY) last announced 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate 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.