Nidec (OTCMKTS:NJDCY) Releases Quarterly Earnings Results, Hits Expectations

Nidec (OTCMKTS:NJDCY) issued its quarterly earnings results on Wednesday. The industrial goods maker reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03, Yahoo Finance reports. The firm had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.13 billion. Nidec had a return on equity of 6.95% and a net margin of 4.80%.

Nidec Stock Performance

Shares of OTCMKTS:NJDCY traded up $0.21 during midday trading on Friday, hitting $4.94. The stock had a trading volume of 317,772 shares, compared to its average volume of 110,416. The company has a market capitalization of $47.13 billion, a PE ratio of 28.23, a P/E/G ratio of 0.64 and a beta of 1.11. Nidec has a 1 year low of $4.47 and a 1 year high of $6.63. The stock has a 50 day moving average price of $9.09 and a two-hundred day moving average price of $10.45. The company has a current ratio of 1.73, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30.

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.