Nidec (OTCMKTS:NJDCY) Shares Gap Up - What's Next?

Key Points

• Nidec Corp. shares gapped up from $4.19 to $4.70 prior to trading, with the last trade at $3.90 and a volume of 23,032 shares.
• Analysts have upgraded Nidec's rating from "strong sell" to "hold" by Zacks and from "hold" to "strong-buy" by Wall Street Zen, giving the stock a current consensus rating of "Hold."
• The company reported quarterly earnings of $0.07 per share, matching expectations, and had a total revenue of $4.35 billion, against analysts' predictions of $647.61 billion.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.19, but opened at $4.70. Nidec shares last traded at $3.90, with a volume of 23,032 shares changing hands.

Analyst Ratings Changes

NJDCY has been the subject of several research analyst reports. Zacks Research upgraded Nidec from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen raised Nidec from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Nidec presently has a consensus rating of "Hold".

Nidec Stock Up 0.7%

The stock has a market cap of $40.26 billion, a P/E ratio of 18.35, a PEG ratio of 0.67 and a beta of 1.12. 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 business has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $4.59.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Nidec had a return on equity of 9.18% and a net margin of 6.06%.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. Analysts expect that Nidec Corp. will post 0.25 EPS for the current 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.

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