Nidec (OTCMKTS:NJDCY) Sees Large Volume Increase – Here’s Why

Shares of Nidec Corp. (OTCMKTS:NJDCY) saw an uptick in trading volume on Friday . 65,320 shares traded hands during trading, an increase of 101% from the previous session’s volume of 32,564 shares.The stock last traded at $3.35 and had previously closed at $3.29.

Analyst Upgrades and Downgrades

Separately, Macquarie downgraded 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, Nidec has a consensus rating of “Hold”.

Nidec Stock Performance

The company has a market capitalization of $32.06 billion, a price-to-earnings ratio of 12.92 and a beta of 0.97. The company has a 50 day moving average price of $3.21 and a 200 day moving average price of $4.03. 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 announced 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 during 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%. Equities research analysts predict that Nidec Corp. will post 0.25 earnings per share 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.