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

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

Analyst Ratings Changes

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

Nidec Price Performance

The firm has a market cap of $34.35 billion, a P/E ratio of 13.85 and a beta of 0.99. 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 stock’s 50-day simple moving average is $3.44 and its two-hundred day simple moving average is $3.83.

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.