Nidec (OTCMKTS:NJDCY) Trading Up 10.7% – Should You Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price was up 10.7% on Tuesday . The company traded as high as $4.55 and last traded at $4.55. Approximately 1,818 shares traded hands 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.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Nidec Price Performance

The stock’s 50-day moving average is $3.89 and its 200-day moving average is $3.58. The firm has a market cap of $38.16 billion, a P/E ratio of 15.39 and a beta of 1.29. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

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.