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

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Wednesday . The stock had previously closed at $3.34, but opened at $3.00. Nidec shares last traded at $3.32, with a volume of 555 shares.

Analysts Set New Price Targets

Several analysts have commented on the stock. Macquarie downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Zacks Research raised shares of Nidec from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec has an average rating of “Hold”.

Nidec Price Performance

The business has a fifty day moving average of $3.22 and a 200 day moving average of $4.18. The firm has a market cap of $31.58 billion, a P/E ratio of 12.73 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Nidec had a net margin of 6.82% and a return on equity of 10.15%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.29 billion. On average, sell-side analysts anticipate that Nidec Corp. will post 0.25 earnings per share for the current year.

Nidec Company Profile

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.