Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 34,800 shares, a drop of 22.3% from the April 30th total of 44,800 shares. Based on an average daily volume of 694,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Nidec Price Performance
OTCMKTS:NJDCY traded down $0.02 during mid-day trading on Thursday, hitting $4.83. 552,206 shares of the company's stock traded hands, compared to its average volume of 330,591. The firm's 50 day simple moving average is $4.26 and its 200 day simple moving average is $4.41. Nidec has a 1 year low of $3.18 and a 1 year high of $6.38. The company has a market cap of $46.08 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.69.
Nidec (OTCMKTS:NJDCY - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial goods maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $650.52 billion. Nidec had a return on equity of 6.45% and a net margin of 4.41%. Sell-side analysts expect that Nidec will post 0.25 EPS for the current year.
Nidec Company Profile
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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.
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