Nidec (OTCMKTS:NJDCY) Stock Price Up 8% – Still a Buy?

Shares of Nidec Corp. (OTCMKTS:NJDCY) were up 8% during mid-day trading on Tuesday . The company traded as high as $3.27 and last traded at $3.25. Approximately 32,385 shares were traded during trading, a decline of 90% from the average daily volume of 313,392 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NJDCY shares. Macquarie downgraded Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Zacks Research raised shares of Nidec from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nidec Price Performance

The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 12.50 and a beta of 0.98. The firm has a fifty day simple moving average of $3.29 and a 200-day simple moving average of $4.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 10.15% and a net margin of 6.82%. As a group, sell-side analysts expect 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.