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

Nidec Corp. (OTCMKTS:NJDCY) shares 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 downgraded Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Nidec Stock Performance

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

Nidec (OTCMKTS:NJDCY) last released its earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Nidec had a net margin of 6.82% and a return on equity of 10.15%. On average, analysts anticipate that Nidec Corp. will post 0.25 earnings per share 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.