Nidec (OTCMKTS:NJDCY) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Nidec (OTCMKTS:NJDCY) announced its earnings results on Thursday. The industrial goods maker reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01, Zacks reports. Nidec had a net margin of 3.77% and a return on equity of 5.58%.

Nidec Stock Up 2.2 %

Shares of OTCMKTS:NJDCY opened at $4.57 on Thursday. Nidec has a 1 year low of $4.14 and a 1 year high of $6.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.67 and a quick ratio of 1.06. The business’s 50-day moving average is $4.52 and its 200-day moving average is $7.37. The company has a market capitalization of $43.60 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 0.47 and a beta of 1.08.

About Nidec

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.