Nidec (OTCMKTS:NJDCY) Trading Up 10.7% – Time to Buy?

Shares of Nidec Corp. (OTCMKTS:NJDCY) were up 10.7% during trading on Tuesday . The stock traded as high as $4.55 and last traded at $4.55. Approximately 1,818 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 34,254 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

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, According to MarketBeat.com, Nidec presently has a consensus rating of “Hold”.

Nidec Trading Up 18.2%

The firm has a market capitalization of $42.84 billion, a PE ratio of 17.27 and a beta of 1.29. The company’s 50-day moving average price is $3.92 and its 200-day moving average price is $3.59. 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.