Nidec (OTCMKTS:NJDCY) Shares Down 0.3%

Nidec Co. (OTCMKTS:NJDCY) shares traded down 0.3% during mid-day trading on Friday . The company traded as low as $32.26 and last traded at $32.50. 26,969 shares traded hands during trading, a decline of 29% from the average session volume of 38,085 shares. The stock had previously closed at $32.61.

Separately, Zacks Investment Research upgraded shares of Nidec from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th.

The firm has a market capitalization of $38.62 billion, a P/E ratio of 38.29, a PEG ratio of 2.22 and a beta of 1.20. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial goods maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $3.30 billion for the quarter. Nidec had a return on equity of 11.06% and a net margin of 7.31%. Analysts expect that Nidec Co. will post 1.17 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Rockland Register and is the property of of Rockland Register. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at

Nidec Company Profile (OTCMKTS:NJDCY)

Nidec Corporation manufactures and sells motors and other electronic products worldwide. It offers brushless DC, brush DC, induction, SR, synchronous, servo, and stepping motors, as well as drive circuits; fans and blowers, such as DC axial flow, DC blower, and AC axial flow fans; and machinery, including inspection and measuring systems, automation units, control equipment, marking devices, and optical devices.

Read More: What is a growth and income fund?

Receive News & Ratings for Nidec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nidec and related companies with's FREE daily email newsletter.