Nidec (OTCMKTS:NJDCY) Trading 20.6% Higher – Still a Buy?

Shares of Nidec Corp. (OTCMKTS:NJDCY) shot up 20.6% during mid-day trading on Monday . The company traded as high as $3.75 and last traded at $3.75. 1,734 shares were traded during trading, a decline of 96% from the average session volume of 38,698 shares. The stock had previously closed at $3.11.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure downgraded Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nidec Stock Performance

The company has a market cap of $34.82 billion, a price-to-earnings ratio of 14.04 and a beta of 0.99. The firm’s 50 day simple moving average is $3.48 and its 200-day simple moving average is $3.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61.

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.