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

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped up prior to trading on Tuesday . The stock had previously closed at $2.70, but opened at $3.26. Nidec shares last traded at $3.27, with a volume of 11,990 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Macquarie downgraded Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Zacks Research upgraded shares of Nidec from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of Nidec from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nidec Stock Up 20.4%

The business’s fifty day moving average price is $3.92 and its two-hundred day moving average price is $4.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53. The firm has a market capitalization of $31.01 billion, a P/E ratio of 14.13 and a beta of 1.14.

Nidec (OTCMKTS:NJDCY) last posted its earnings results 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 6.06% and a return on equity of 9.18%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Equities analysts expect that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

Nidec Company Profile

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.