Nidec (OTCMKTS:NJDCY) Shares Down 0.3%

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

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

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.73. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 38.29, a P/E/G ratio of 2.24 and a beta of 1.20.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings data on Tuesday, April 23rd. The industrial goods maker reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.05). Nidec had a net margin of 7.31% and a return on equity of 11.06%. The company had revenue of $3.30 billion during the quarter. As a group, equities analysts predict that Nidec Co. will post 1.17 earnings per share for the current fiscal year.

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About Nidec (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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