Nidec (OTCMKTS:NJDCY) Shares Gap Down - Here's What Happened

Key Points

• Nidec Corp. (OTCMKTS:NJDCY) experienced a gap down in shares, opening at $4.23 after closing at $4.35, with trading volume at 3,739 shares.
• Wall Street Zen upgraded Nidec's rating from a "hold" to a "strong-buy" on August 23rd, indicating increased investor confidence.
• Nidec reported a quarterly EPS of $0.07, meeting consensus estimates, with expected FY 2025 guidance set at 1.210 EPS.

Shares of Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.35, but opened at $4.23. Nidec shares last traded at $4.37, with a volume of 3,739 shares trading hands.

Analyst Ratings Changes

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

Nidec Stock Up 0.2%

The firm's 50-day moving average price is $4.84 and its 200 day moving average price is $4.60. The firm has a market cap of $41.60 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 0.69 and a beta of 1.08. 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 released its quarterly 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 business had revenue of $4.35 billion during the quarter, compared to analyst estimates 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. As a group, research analysts expect that Nidec Corp. will post 0.25 earnings per share for the current year.

Nidec Company Profile

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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