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 before the market opened 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 traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Nidec from a "hold" rating to a "strong-buy" rating in a research report on Saturday.

Nidec Trading Up 2.1%

The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 0.80 and a beta of 1.08. The business's 50-day simple moving average is $4.87 and its two-hundred day simple moving average is $4.56. 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 announced its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share 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 analysts' expectations 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. Equities analysts forecast 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.