Nidec (OTCMKTS:NJDCY) Trading Up 12.9% – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY) shares were up 12.9% during mid-day trading on Wednesday . The company traded as high as $4.80 and last traded at $4.80. Approximately 1,505 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 35,100 shares. The stock had previously closed at $4.25.

Analyst Ratings Changes

Separately, Citigroup lowered Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three equities 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 stock has a 50-day simple moving average of $3.84 and a 200 day simple moving average of $3.56. 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 company has a market cap of $41.02 billion, a P/E ratio of 16.54 and a beta of 1.29.

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.