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

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Thursday . The stock had previously closed at $3.06, but opened at $3.65. Nidec shares last traded at $3.36, with a volume of 16,237 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec currently has a consensus rating of “Hold”.

Nidec Stock Up 14.4%

The company has a market capitalization of $33.39 billion, a PE ratio of 13.46 and a beta of 0.97. The company’s fifty day moving average is $3.25 and its 200-day moving average is $3.97. 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 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 for 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%. As a group, analysts predict that Nidec Corp. will post 0.25 EPS 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.