Nidec (OTCMKTS:NJDCY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Nidec Corp. experienced a significant increase in trading volume, with 848,129 shares traded, marking a 196% rise from the previous session.
• The stock price surged to $4.30 after previously closing at $3.43, indicating positive market movement.
• Analysts have upgraded Nidec's rating, with Wall Street Zen issuing a "strong-buy" rating, while the company has a current market capitalization of $37.69 billion.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) saw an uptick in trading volume on Friday . 848,129 shares changed hands during mid-day trading, an increase of 196% from the previous session's volume of 286,773 shares.The stock last traded at $4.30 and had previously closed at $3.43.

Analysts Set New Price Targets

Several brokerages recently weighed in on NJDCY. Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 23rd. Zacks Research upgraded Nidec from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Nidec has a consensus rating of "Hold".

Nidec Trading Up 15.2%

The company has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.59. 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 company has a market capitalization of $37.69 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly earnings data 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 during 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%. 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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