Nidec (OTCMKTS:NJDCY) Shares Down 11.7% – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY) shares fell 11.7% during mid-day trading on Friday . The company traded as low as $3.03 and last traded at $3.10. 33,755 shares were traded during trading, a decline of 32% from the average session volume of 49,559 shares. The stock had previously closed at $3.51.

Wall Street Analyst Weigh In

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

Nidec Trading Down 3.0%

The business’s fifty day moving average price is $3.25 and its 200 day moving average price is $3.95. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $32.49 billion, a PE ratio of 13.10 and a beta of 0.97.

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 analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.29 billion. Nidec had a return on equity of 10.15% and a net margin of 6.82%. As a group, analysts expect 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.