Nidec (OTCMKTS:NJDCY) Shares Up 22.7% – Still a Buy?

Shares of Nidec Corp. (OTCMKTS:NJDCY) shot up 22.7% on Friday . The stock traded as high as $3.3120 and last traded at $3.3120. 552 shares traded hands during trading, a decline of 100% from the average session volume of 326,871 shares. The stock had previously closed at $2.70.

Analyst Ratings Changes

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

Nidec Price Performance

The firm has a market cap of $31.34 billion, a P/E ratio of 12.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00. The company’s 50-day moving average is $3.57 and its two-hundred day moving average is $4.38.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Friday, November 14th. The industrial goods maker reported $0.06 EPS 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 analyst estimates of $4.29 billion. Nidec had a net margin of 6.82% and a return on equity of 10.18%. Sell-side analysts anticipate that Nidec Corp. will post 0.25 EPS 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.