Nidec (OTCMKTS:NJDCY) Shares Gap Down – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY) shares gapped down prior to trading on Thursday. The stock had previously closed at $3.36, but opened at $3.00. Nidec shares last traded at $3.00, with a volume of 373 shares trading hands.

Nidec Stock Performance

The company’s 50 day moving average price is $4.06 and its 200-day moving average price is $3.94. The company has a market cap of $31.29 billion, a PE ratio of -4.69 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings data 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 27.00%. The firm had revenue of $4.58 billion during 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 and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.

Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.