Nidec (OTCMKTS:NJDCY) Trading Up 4.4% - Time to Buy?

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) shares rose 4.4% during trading on Tuesday . The company traded as high as $5.49 and last traded at $5.30. Approximately 33,522 shares were traded during trading, a decline of 88% from the average daily volume of 290,328 shares. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

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

Nidec Stock Up 2.1%

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 company has a market capitalization of $50.85 billion, a PE ratio of 23.17, a P/E/G ratio of 0.82 and a beta of 1.08. The stock has a 50-day moving average of $4.87 and a 200 day moving average of $4.56.

Nidec (OTCMKTS:NJDCY - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $4.35 billion during 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. Sell-side analysts anticipate 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.