Nidec (OTCMKTS:NJDCY) Shares Gap Up – Should You Buy?

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Tuesday . The stock had previously closed at $2.70, but opened at $3.26. Nidec shares last traded at $3.27, with a volume of 11,990 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NJDCY shares. Wall Street Zen upgraded Nidec from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 23rd. Macquarie downgraded Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, Zacks Research raised shares of Nidec from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Nidec Stock Performance

The company has a market capitalization of $28.34 billion, a price-to-earnings ratio of 12.91 and a beta of 1.14. The stock has a 50 day moving average of $3.88 and a 200 day moving average of $4.52. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.29 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. As a group, analysts predict that Nidec Corp. will post 0.25 EPS for the current 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.