Nidec (OTCMKTS:NJDCY) Shares Gap Down – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.54, but opened at $3.26. Nidec shares last traded at $3.26, with a volume of 306 shares.

Analysts Set New Price Targets

Separately, Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Nidec has a consensus rating of “Hold”.

Nidec Price Performance

The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $3.94. The firm has a market cap of $34.35 billion, a PE ratio of 13.85 and a beta of 0.99.

Nidec (OTCMKTS:NJDCY) last issued its earnings results 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). The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.29 billion. Nidec had a net margin of 6.82% and a return on equity of 10.15%. Equities analysts anticipate that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

About Nidec

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.