Nidec (OTCMKTS:NJDCY) Trading Down 17.2% - What's Next?

Key Points

• Nidec Corp. shares fell by 17.2% on Thursday, trading as low as $3.30 before closing at $3.81 amid significantly reduced trading volume.
• Analysts have varied opinions on Nidec, with Zacks raising the rating from "strong sell" to "hold," while Wall Street Zen upgraded it from "hold" to "strong-buy."
• The company reported revenue of $4.35 billion for its last quarter, meeting earnings expectations, and has a current consensus rating of "Hold" from research analysts.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) shares were down 17.2% on Thursday . The company traded as low as $3.30 and last traded at $3.81. Approximately 8,182 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 287,792 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

NJDCY has been the topic of a number of research reports. Zacks Research raised shares of Nidec from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Wall Street Zen raised Nidec from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Nidec Price Performance

The business has a fifty day moving average of $4.59 and a 200-day moving average of $4.59. The firm has a market cap of $33.87 billion, a PE ratio of 15.43, a PEG ratio of 0.67 and a beta of 1.12. 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 announced its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, meeting the consensus estimate 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. As a group, research analysts predict that Nidec Corp. will post 0.25 earnings per share 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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