Nidec (OTCMKTS:NJDCY) Shares Gap Up – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCYGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.11, but opened at $3.80. Nidec shares last traded at $3.70, with a volume of 2,236 shares traded.

Nidec Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The business’s 50-day moving average is $3.48 and its 200-day moving average is $3.81. The company has a market capitalization of $39.12 billion, a PE ratio of 15.77 and a beta of 0.99.

About Nidec

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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.

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