Nidec (OTCMKTS:NJDCY) Shares Up 23.6% – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY) shares traded up 23.6% during mid-day trading on Monday . The company traded as high as $4.21 and last traded at $4.21. 460 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 47,589 shares. The stock had previously closed at $3.4050.

Analyst Ratings Changes

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

Nidec Stock Down 7.1%

The firm has a 50-day moving average price of $3.28 and a 200 day moving average price of $3.93. 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 cap of $35.20 billion, a price-to-earnings ratio of 14.19 and a beta of 0.99.

Nidec (OTCMKTS:NJDCY) last released its quarterly 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). 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 analyst estimates of $4.29 billion. 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.