Nidec (OTCMKTS:NJDCY) Sees Large Volume Increase – Should You Buy?

Nidec Corp. (OTCMKTS:NJDCY) shares saw unusually-strong trading volume on Friday. 104,365 shares traded hands during trading, an increase of 294% from the average daily volume of 26,504 shares. The stock last traded at $2.72 and had previously closed at $2.75.

Nidec Stock Performance

The business’s fifty day moving average is $3.64 and its 200-day moving average is $3.77. 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 $24.33 billion, a P/E ratio of -3.64 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business 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%.

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.