Nidec (OTCMKTS:NJDCY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.43 and traded as high as $4.15. Nidec shares last traded at $4.11, with a volume of 54,012 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup cut 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 stock has an average rating of “Hold”.

Nidec Price 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 firm has a market capitalization of $39.21 billion, a P/E ratio of 15.81 and a beta of 1.25. The stock’s 50 day simple moving average is $3.53 and its 200 day simple moving average is $3.43.

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.