Nidec (OTCMKTS:NJDCY) Hits New 52-Week Low – Should You Sell?

Nidec Co. (OTCMKTS:NJDCY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.14 and last traded at $4.28, with a volume of 387157 shares changing hands. The stock had previously closed at $4.30.

Nidec Stock Performance

The stock’s 50-day moving average price is $4.67 and its 200-day moving average price is $8.29. The company has a market capitalization of $40.83 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 0.47 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.06 and a current ratio of 1.67.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial goods maker reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Nidec had a return on equity of 5.58% and a net margin of 3.77%. As a group, equities research analysts expect that Nidec Co. will post 0.29 earnings per share for the current 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.