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

Nidec Corp. (OTCMKTS:NJDCY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $3.54, but opened at $3.94. Nidec shares last traded at $4.00, with a volume of 791 shares.

Wall Street Analyst Weigh In

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

Nidec Stock Down 7.3%

The stock has a market cap of $35.11 billion, a price-to-earnings ratio of 14.15 and a beta of 0.99. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $3.27 and its two-hundred day moving average is $3.93.

Nidec (OTCMKTS:NJDCY) last issued its quarterly 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 10.15% and a net margin of 6.82%.The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. On average, sell-side 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.