Nidec (OTCMKTS:NJDCY) Shares Gap Up – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Thursday . The stock had previously closed at $3.06, but opened at $3.65. Nidec shares last traded at $3.36, with a volume of 16,237 shares.

Wall Street Analysts Forecast Growth

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

Nidec Stock Down 3.0%

The firm has a fifty day simple moving average of $3.25 and a 200 day simple moving average of $3.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The company has a market cap of $32.49 billion, a PE ratio of 13.10 and a beta of 0.97.

Nidec (OTCMKTS:NJDCY) last released its earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Nidec had a return on equity of 10.15% 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. Equities research analysts predict 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.