Nidec (OTCMKTS:NJDCY) Shares Gap Up - Time to Buy?

Key Points

• Nidec Corp. shares experienced a gap up, opening at $4.78 after a previous close of $4.48, with the last trading value at $4.54 and a volume of 87,677 shares.
• The company received multiple analyst upgrades, with Zacks Research changing its rating from "strong sell" to "hold" and Wall Street Zen moving from "hold" to a "strong-buy" rating.
• Nidec reported $0.07 earnings per share for the last quarter, meeting analyst expectations, with a revenue of $4.35 billion and has set FY 2025 guidance at 1.210 EPS.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.48, but opened at $4.78. Nidec shares last traded at $4.54, with a volume of 87,677 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NJDCY. Wall Street Zen upgraded shares of Nidec from a "hold" rating to a "strong-buy" rating in a research note 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, September 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Nidec Trading Down 0.7%

The company has a market capitalization of $42.93 billion, a PE ratio of 19.57, a PEG ratio of 0.71 and a beta of 1.08. The stock has a fifty day moving average of $4.83 and a 200 day moving average of $4.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly 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 company 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. As a group, sell-side 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.