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Nidec (OTCMKTS:NJDCY) Hits New 52-Week High - What's Next?

Nidec logo with Computer and Technology background

Key Points

  • Nidec Corp. reached a new 52-week high, trading at $5.70, and last closing at $5.53, with a trading volume of 12,101 shares.
  • Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating, signaling positive sentiment among analysts.
  • The company reported $0.07 earnings per share (EPS) for the last quarter, meeting analyst expectations, and anticipates 0.25 EPS for the current fiscal year.
  • Want stock alerts on Nidec? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $5.70 and last traded at $5.53, with a volume of 12101 shares trading hands. The stock had previously closed at $5.33.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 23rd.

Get Our Latest Research Report on Nidec

Nidec Stock Down 1.4%

The business has a fifty day simple moving average of $4.92 and a two-hundred day simple moving average of $4.60. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $52.00 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08.

Nidec (OTCMKTS:NJDCY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $647.61 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. As a group, equities research analysts predict that Nidec Corp. will post 0.25 earnings per share for the current year.

Nidec Company Profile

(Get Free Report)

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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