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

Key Points

• Nidec Corp. shares gapped down from a previous closing price of $4.42 to an opening price of $4.00, with the last trade at $4.10.
• Analysts have recently upgraded Nidec's rating, with Zacks Research moving from "strong sell" to "hold," and Wall Street Zen upgrading from "hold" to "strong-buy."
• Nidec reported quarterly earnings of $0.07 per share, matching analyst expectations, with total revenue of $4.35 billion compared to the consensus estimate.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $4.42, but opened at $4.00. Nidec shares last traded at $4.10, with a volume of 5,101 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Nidec from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Wall Street Zen upgraded shares of Nidec from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Nidec Price Performance

The firm has a 50 day moving average price of $4.65 and a 200 day moving average price of $4.57. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $39.21 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12.

Nidec (OTCMKTS:NJDCY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.07. Nidec had a net margin of 6.06% and a return on equity of 9.18%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $647.61 billion. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. Research analysts anticipate 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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