Nidec (OTCMKTS:NJDCY) Trading Down 4.4% - Time to Sell?

Key Points

• Nidec Corp.'s stock price saw a decline of 4.4% during mid-day trading, falling to $5.03, with a significant drop in trading volume.
• Analysts upgraded Nidec from a "hold" rating to a "strong-buy" rating, indicating a positive outlook for the company's future performance.
• For FY 2025, Nidec has set an EPS guidance of 1.210, while analysts expect an average EPS of 0.25 for the current fiscal year.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price was down 4.4% during mid-day trading on Wednesday . The stock traded as low as $5.03 and last traded at $5.03. Approximately 27,098 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 279,876 shares. The stock had previously closed at $5.26.

Analyst Upgrades and Downgrades

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

Nidec Stock Performance

The stock has a market capitalization of $47.51 billion, a PE ratio of 21.65, a PEG ratio of 0.84 and a beta of 1.08. 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 50-day moving average price is $4.93 and its 200 day moving average price is $4.61.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $647.61 billion. Nidec had a net margin of 6.06% and a return on equity of 9.18%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. On average, equities research analysts expect that Nidec Corp. will post 0.25 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.