Nidec (OTCMKTS:NJDCY) Shares Gap Down – Should You Sell?

Nidec Corp. (OTCMKTS:NJDCY) shares gapped down before the market opened on Monday. The stock had previously closed at $4.01, but opened at $2.50. Nidec shares last traded at $2.50, with a volume of 231 shares traded.

Nidec Trading Up 8.0%

The firm has a market cap of $25.76 billion, a P/E ratio of -3.86 and a beta of 1.41. The business’s 50-day moving average is $3.45 and its two-hundred day moving average is $3.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 1.02.

Nidec (OTCMKTS:NJDCY) last issued 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). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion.

Nidec Company Profile

Nidec Corporation is a Japanese manufacturer of electric motors and related components. Founded in Kyoto in 1973 as Nippon Densan Corporation, the company adopted the name Nidec in 2014.

Its products include precision motors used in devices such as hard-disk drives, as well as motors and components for automobiles, home appliances, commercial equipment and industrial applications. Nidec also supplies machinery and other products used in manufacturing.

Headquartered in Kyoto, Nidec serves customers around the world through operations across Asia, the Americas and Europe.