Nidec (OTCMKTS:NJDCY) Shares Pass Above 200-Day Moving Average – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.59 and traded as high as $5.00. Nidec shares last traded at $4.19, with a volume of 78,287 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen upgraded Nidec from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 23rd. Zacks Research upgraded Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Nidec Price Performance

The company has a market capitalization of $39.97 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 0.67 and a beta of 1.12. The company has a fifty day moving average price of $4.59 and a 200 day moving average price of $4.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Nidec had a return on equity of 9.18% and a net margin of 6.06%.The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $647.61 billion. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. On average, sell-side analysts forecast that Nidec Corp. will post 0.25 EPS for the current fiscal year.

About Nidec

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.