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

Nidec Corp. (OTCMKTS:NJDCY) gapped up prior to trading on Tuesday . The stock had previously closed at $3.26, but opened at $3.8350. Nidec shares last traded at $3.8350, with a volume of 626 shares trading hands.

Analyst Ratings Changes

Separately, Macquarie Infrastructure lowered Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec has an average rating of “Hold”.

Nidec Trading Up 0.5%

The firm has a market capitalization of $36.16 billion, a price-to-earnings ratio of 14.58 and a beta of 0.99. The business’s 50 day moving average price is $3.32 and its 200-day moving average price is $3.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Nidec had a return on equity of 10.15% and a net margin of 6.82%. Equities analysts forecast that Nidec Corp. will post 0.25 EPS for the current fiscal 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.