Nidec (OTCMKTS:NJDCY) Shares Gap Up – Should You Buy?

by · The Markets Daily

Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $3.26, but opened at $3.3850. Nidec shares last traded at $3.27, with a volume of 2,052 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on NJDCY. Zacks Research upgraded Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Macquarie cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Nidec from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 23rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec presently has a consensus rating of “Hold”.

View Our Latest Analysis on NJDCY

Nidec Price Performance

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 cap of $28.62 billion, a PE ratio of 11.54 and a beta of 0.98. The stock has a 50 day moving average price of $3.53 and a two-hundred day moving average price of $4.36.

Nidec (OTCMKTS:NJDCY – Get Free Report) last released 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 return on equity of 10.18% and a net margin of 6.82%.The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.29 billion. As a group, equities analysts expect that Nidec Corp. will post 0.25 earnings per share 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.

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