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Nidec (OTCMKTS:NJDCY) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Nidec logo with Computer and Technology background

Key Points

  • Nidec Corp. shares have surpassed their 200-day moving average of $4.56, reaching a high of $5.42 before closing at $5.33.
  • Wall Street Zen downgraded Nidec from a "buy" rating to a "hold" rating as of July 31st, reflecting a shift in analyst sentiment.
  • The company reported a $0.07 EPS for the last quarter, aligning with analysts' expectations, and projects future earnings of $1.210 EPS for FY 2025.
  • Interested in Nidec? Here are five stocks we like better.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.56 and traded as high as $5.42. Nidec shares last traded at $5.33, with a volume of 76,242 shares traded.

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.

View Our Latest Stock Report on NJDCY

Nidec Trading Down 0.4%

The stock has a market cap of $52.57 billion, a PE ratio of 23.96, a P/E/G ratio of 0.85 and a beta of 1.08. The firm has a 50-day simple moving average of $4.90 and a 200-day simple moving average of $4.58. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate 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. Equities analysts forecast 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.

Further Reading

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