Nidec (OTCMKTS:NJDCY) Sets New 1-Year Low – Time to Sell?

Nidec Co. (OTCMKTS:NJDCY) hit a new 52-week low on Thursday . The company traded as low as $4.31 and last traded at $4.34, with a volume of 2673969 shares changing hands. The stock had previously closed at $4.42.

Nidec Stock Performance

The business has a 50-day moving average price of $4.75 and a 200 day moving average price of $8.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.06 and a current ratio of 1.67. The stock has a market capitalization of $41.41 billion, a P/E ratio of 31.00, a PEG ratio of 0.47 and a beta of 1.08.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Wednesday, October 23rd. The industrial goods maker reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Nidec had a net margin of 3.77% and a return on equity of 5.58%. The firm had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.13 billion. As a group, sell-side analysts forecast that Nidec Co. will post 0.29 EPS for the current fiscal year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.