Nidec (OTCMKTS:NJDCY) Stock Price Up 9.7% – What’s Next?
by Sarita Garza · The Markets DailyNidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price shot up 9.7% during mid-day trading on Tuesday . The stock traded as high as $3.63 and last traded at $3.61. 14,694 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 57,845 shares. The stock had previously closed at $3.29.
Wall Street Analyst Weigh In
Separately, Macquarie lowered Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.
Get Our Latest Stock Analysis on NJDCY
Nidec Stock Performance
The stock has a fifty day moving average of $3.21 and a 200-day moving average of $4.00. The firm has a market capitalization of $35.01 billion, a P/E ratio of 14.12 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.
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 the consensus estimate of $0.07 by ($0.01). The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.29 billion. Nidec had a net margin of 6.82% and a return on equity of 10.15%. On average, research analysts anticipate that Nidec Corp. will post 0.25 EPS for the current year.
Nidec Company Profile
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.