Nidec (OTCMKTS:NJDCY) Stock Price Up 9.3% - Here's Why

Key Points

• Nidec Corp. stock increased by 9.3% during trading, reaching a high of $5.00, despite a significant drop in trading volume.
• Research analysts have upgraded Nidec's rating from a "strong sell" to "hold," with some moving it further to a "strong-buy," indicating growing confidence in the stock.
• The company reported earnings of $0.07 per share for the last quarter, meeting analysts' expectations, and has set guidance for future earnings.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) was up 9.3% during trading on Tuesday . The stock traded as high as $5.00 and last traded at $4.60. Approximately 4,171 shares changed hands during trading, a decline of 99% from the average daily volume of 289,923 shares. The stock had previously closed at $4.21.

Analysts Set New Price Targets

Several research analysts have commented on NJDCY shares. Zacks Research raised shares of Nidec from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Wall Street Zen upgraded shares of Nidec from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

Nidec Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53. The company's fifty day moving average is $4.61 and its two-hundred day moving average is $4.59. The company has a market cap of $40.17 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 0.66 and a beta of 1.12.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 EPS 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 for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Nidec Corp. will post 0.25 EPS 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.

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