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

Key Points

• Nidec Corp. shares gapped up from $4.13 to $4.39 before stabilizing at $4.21, indicating positive trading sentiment.
• Wall Street Zen upgraded Nidec from a "hold" to a "strong-buy" rating, reflecting increased analyst confidence in the stock.
• The company reported quarterly earnings of $0.07 EPS, meeting analysts' expectations, with plans for FY 2025 guidance set at 1.210 EPS.

Shares of Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.13, but opened at $4.39. Nidec shares last traded at $4.21, with a volume of 27,575 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 23rd.

Nidec Price Performance

The firm has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $4.60. The company has a market capitalization of $42.74 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 0.69 and a beta of 1.08. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. Nidec had a return on equity of 9.18% and a net margin of 6.06%.The firm had revenue of $4.35 billion for 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. As a group, analysts predict that Nidec Corp. will post 0.25 earnings per share 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.