Nidec (OTCMKTS:NJDCY) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $2.50, but opened at $2.62. Nidec shares last traded at $2.60, with a volume of 2,200 shares trading hands.

Nidec Stock Performance

The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of -3.59 and a beta of 1.33. The stock’s 50-day simple moving average is $3.76 and its 200 day simple moving average is $3.92. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57.

Nidec (OTCMKTS:NJDCY – Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $4.58 billion for 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

(Get Free Report)

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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