Nidec (OTCMKTS:NJDCY) Stock Price Down 19.4% – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY)’s share price traded down 19.4% during trading on Thursday . The stock traded as low as $3.20 and last traded at $3.20. 375 shares traded hands during trading, a decline of 99% from the average session volume of 49,287 shares. The stock had previously closed at $3.97.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nidec presently has an average rating of “Hold”.

Nidec Stock 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 firm’s fifty day moving average is $3.30 and its 200 day moving average is $3.92. The company has a market cap of $31.10 billion, a PE ratio of 12.54 and a beta of 0.99.

Nidec (OTCMKTS:NJDCY) last announced 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 company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.29 billion. Nidec had a net margin of 6.82% and a return on equity of 10.15%. As a group, research analysts predict that Nidec Corp. will post 0.25 EPS for the current fiscal 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.