Nidec (OTCMKTS:NJDCY) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.70, but opened at $3.2950. Nidec shares last traded at $3.35, with a volume of 11,889 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Nidec

Nidec Trading Up 2.1%

The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $32.06 billion, a price-to-earnings ratio of 12.92 and a beta of 0.97. The business has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $4.03.

Nidec (OTCMKTS:NJDCY – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Nidec had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.29 billion. On average, equities analysts predict that Nidec Corp. will post 0.25 earnings per share for the current year.

Nidec Company Profile

(Get Free Report)

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.

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