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

Key Points

• Nidec Corp. shares gapped up from a closing price of $4.90 to an opening price of $5.26, with the last traded price at $5.04.
• Analysts have downgraded Nidec's rating from "buy" to "hold" as of July 31st, indicating a more cautious outlook for the stock.
• The company reported EPS of $0.07 for the last quarter, matching analyst expectations, and generated revenue of $4.35 billion.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $4.90, but opened at $5.26. Nidec shares last traded at $5.04, with a volume of 4,615 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Nidec from a "buy" rating to a "hold" rating in a report on Thursday, July 31st.

Nidec Price Performance

The company's fifty day moving average price is $4.85 and its two-hundred day moving average price is $4.53. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The company has a market cap of $48.61 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 0.75 and a beta of 1.08.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly 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. Nidec had a net margin of 6.06% and a return on equity of 9.18%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $647.61 billion. On average, equities research analysts forecast that Nidec Corp. will post 0.25 EPS for the current fiscal 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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