Nidec (OTCMKTS:NJDCY) Trading Up 5.6% - What's Next?

Key Points

• Nidec Corp. (OTCMKTS:NJDCY) shares rose 5.6% to $4.33, with trading volume significantly down at about 39,136 shares compared to the average of 294,037 shares.
• Recent analyst reports have been generally favorable, with Zacks upgrading the stock from a "strong sell" to a "hold," while Wall Street Zen raised its rating to "strong buy."
• Nidec reported earnings of $0.07 per share, meeting analysts' estimates, and projects an EPS of 0.25 for the current fiscal year.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s stock price rose 5.6% on Tuesday . The stock traded as high as $4.33 and last traded at $4.33. Approximately 39,136 shares traded hands during trading, a decline of 87% from the average daily volume of 294,037 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

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

Nidec Price Performance

The business has a 50 day moving average price of $4.74 and a 200-day moving average price of $4.59. The company has a market capitalization of $40.55 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. Research analysts predict that Nidec Corp. will post 0.25 EPS for the current fiscal 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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