Nidec (OTCMKTS:NJDCY) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Nidec from a "strong sell" to a "hold" rating, indicating a more stable outlook for the company.
• Wall Street Zen also upgraded Nidec, this time from "hold" to a "strong-buy" rating, suggesting increasing confidence among analysts regarding the stock's potential.
• Nidec reported quarterly earnings of $0.07 per share, meeting analysts' expectations, with a revenue of $4.35 billion for the quarter.

Nidec (OTCMKTS:NJDCY - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, 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, Based on data from MarketBeat.com, Nidec presently has a consensus rating of "Hold".

Nidec Price Performance

Shares of OTCMKTS:NJDCY traded down $0.03 on Monday, reaching $4.50. The company's stock had a trading volume of 142,299 shares, compared to its average volume of 321,673. Nidec has a 52-week low of $3.18 and a 52-week high of $5.70. The company has a market cap of $42.93 billion, a P/E ratio of 19.57, a PEG ratio of 0.72 and a beta of 1.08. The company has a 50-day simple moving average of $4.83 and a 200 day simple moving average of $4.60. 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 issued its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 EPS for the quarter, hitting analysts' consensus estimates of $0.07. Nidec had a net margin of 6.06% and a return on equity of 9.18%. The business had revenue of $4.35 billion during 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. As a group, equities research analysts anticipate that Nidec 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.