Nidec (OTCMKTS:NJDCY) Trading 4.4% Higher - Here's Why

Key Points

• Nidec Corp. shares rose by 4.4%, reaching a high of $5.49 before closing at $5.30, amid a significant decline in trading volume by 88% compared to the average.
• Wall Street analysts downgraded Nidec from a "buy" rating to a "hold" rating, reflecting a cautious outlook on the stock.
• The company's recent earnings report revealed an EPS of $0.07, meeting expectations, with a revenue of $4.35 billion, significantly different from analyst projections.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price rose 4.4% during mid-day trading on Tuesday . The stock traded as high as $5.49 and last traded at $5.30. Approximately 33,522 shares traded hands during trading, a decline of 88% from the average daily volume of 290,328 shares. The stock had previously closed at $5.08.

Wall Street Analyst Weigh In

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

Nidec Stock Performance

The business has a 50 day moving average of $4.87 and a 200 day moving average of $4.56. The company has a market capitalization of $50.85 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.53 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 EPS for the quarter, meeting analysts' consensus estimates of $0.07. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $647.61 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. On average, sell-side 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.