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.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price 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 changing hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NJDCY. Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 23rd. Zacks Research raised shares of Nidec from a "strong sell" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Nidec Price Performance

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 $42.93 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.08. The company has a 50-day moving average of $4.83 and a 200-day moving average of $4.60.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $4.35 billion during 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. As a group, research analysts anticipate that Nidec Corp. will post 0.25 EPS 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.