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.

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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.

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