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

Nidec Corp. (OTCMKTS:NJDCY) gapped up prior to trading on Friday . The stock had previously closed at $3.59, but opened at $3.79. Nidec shares last traded at $3.79, with a volume of 562 shares trading hands.

Analysts Set New Price Targets

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

Nidec Trading Up 1.1%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market capitalization of $35.87 billion, a price-to-earnings ratio of 14.46 and a beta of 1.07. The business’s 50 day simple moving average is $3.50 and its 200 day simple 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.