Nidec (OTCMKTS:NJDCY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Nidec Corp. (OTCMKTS:NJDCY) experienced a significant increase in trading volume, with approximately 1,118,300 shares traded, marking a 288% rise from the previous session.
• Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating on August 23rd, indicating positive sentiment towards the company's future performance.
• Nidec reported $0.07 EPS for the last quarter, aligning with consensus estimates, and has set its FY 2025 guidance at 1.210 EPS.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 1,118,300 shares traded hands during trading, an increase of 288% from the previous session's volume of 288,163 shares.The stock last traded at $4.17 and had previously closed at $4.28.

Analyst Upgrades and Downgrades

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

Nidec Price Performance

The stock has a 50 day moving average of $4.84 and a two-hundred day moving average of $4.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53. The firm has a market capitalization of $41.50 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.67 and a beta of 1.08.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued 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. Nidec had a return on equity of 9.18% and a net margin of 6.06%.The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $647.61 billion. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. Sell-side analysts predict that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

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.