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

by · The Cerbat Gem

Shares of Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $3.20, but opened at $2.80. Nidec shares last traded at $3.14, with a volume of 9,649 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NJDCY shares. Macquarie lowered Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded Nidec from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 23rd. Finally, Zacks Research raised Nidec from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

View Our Latest Stock Analysis on Nidec

Nidec Trading Down 2.2%

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 firm has a market capitalization of $29.86 billion, a P/E ratio of 12.04 and a beta of 0.98. The firm’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $4.31.

Nidec (OTCMKTS:NJDCY – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Nidec had a net margin of 6.82% and a return on equity of 10.18%. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Analysts anticipate that Nidec Corp. will post 0.25 EPS for the current year.

Nidec Company Profile

(Get Free Report)

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.

Recommended Stories