Nidec (OTCMKTS:NJDCY) Shares Gap Up – Here’s Why

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Thursday . The stock had previously closed at $4.00, but opened at $4.70. Nidec shares last traded at $4.70, with a volume of 456 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nidec Stock Performance

The stock’s fifty day moving average is $3.92 and its two-hundred day moving average is $3.59. The firm has a market capitalization of $36.25 billion, a price-to-earnings ratio of 14.62 and a beta of 1.29. 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 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.