Nidec (OTCMKTS:NJDCY) Trading Up 10.2% – Here’s What Happened

Shares of Nidec Corp. (OTCMKTS:NJDCY) traded up 10.2% during trading on Friday . The stock traded as high as $3.18 and last traded at $3.13. 7,103 shares were traded during trading, a decline of 98% from the average session volume of 321,234 shares. The stock had previously closed at $2.84.

Analyst Upgrades and Downgrades

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

Nidec Stock Up 9.7%

The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 11.98 and a beta of 0.98. The firm has a 50-day moving average of $3.48 and a two-hundred day moving average of $4.34. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

Nidec (OTCMKTS:NJDCY) last announced 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). Nidec had a return on equity of 10.18% and a net margin of 6.82%.The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.29 billion. As a group, sell-side analysts predict that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

Nidec Company Profile

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.