Nidec (OTCMKTS:NJDCY) Sees Strong Trading Volume - Time to Buy?

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 were traded 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 raised Nidec from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 23rd.

Nidec Price Performance

The company's 50 day moving average is $4.89 and its 200-day moving average is $4.61. The firm has a market capitalization of $39.40 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.67 and a beta of 1.08. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

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

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