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An update from Nidec ( (JP:6594) ) is now available.
Nidec Corporation announced that no shares were repurchased during the specified period of its ongoing share repurchase plan, which was authorized by the Board of Directors. This update indicates that despite having the authorization to repurchase up to 13 million shares, the company has not executed any buybacks, potentially impacting its market strategy and shareholder value.
The most recent analyst rating on (JP:6594) stock is a Buy with a Yen3700.00 price target. To see the full list of analyst forecasts on Nidec stock, see the JP:6594 Stock Forecast page.
More about Nidec
Nidec Corporation operates in the manufacturing industry, specializing in electric motors and related components. The company focuses on providing innovative solutions for various sectors, including automotive, industrial, and consumer electronics.
Average Trading Volume: 7,596,954
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen3025B
For detailed information about 6594 stock, go to TipRanks’ Stock Analysis page.