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

Nidec (OTCMKTS:NJDCY) released its quarterly earnings results on Wednesday. The industrial goods maker reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03, Yahoo Finance reports. Nidec had a net margin of 4.80% and a return on equity of 6.95%. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.13 billion.

Nidec Stock Performance

Shares of Nidec stock traded up $0.17 during mid-day trading on Friday, hitting $5.11. 112,495 shares of the stock were exchanged, compared to its average volume of 227,162. The company has a market capitalization of $48.75 billion, a P/E ratio of 28.23, a P/E/G ratio of 0.64 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.12 and a current ratio of 1.73. The company has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $10.41. Nidec has a 12 month low of $4.47 and a 12 month high of $6.63.

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.