Nidec (OTCMKTS:NJDCY) Trading Up 6.9% – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price rose 6.9% during trading on Monday . The stock traded as high as $4.05 and last traded at $4.05. Approximately 2,222 shares traded hands during trading, a decline of 95% from the average daily volume of 42,607 shares. The stock had previously closed at $3.79.

Analyst Ratings Changes

Separately, Citigroup downgraded Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec currently has an average rating of “Hold”.

Nidec Stock Down 1.0%

The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $34.25 billion, a PE ratio of 13.81 and a beta of 1.07. The firm’s fifty day moving average is $3.50 and its 200-day moving average is $3.44.

About Nidec

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.