Nidec (OTCMKTS:NJDCY) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Nidec Corp. (OTCMKTS:NJDCY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.43 and traded as high as $4.15. Nidec shares last traded at $4.11, with a volume of 54,012 shares.

Analyst Ratings Changes

Separately, Citigroup cut 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 data from MarketBeat, the company currently has an average rating of “Hold”.

Nidec Stock Performance

The stock has a market capitalization of $39.21 billion, a PE ratio of 15.81 and a beta of 1.25. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $3.53 and a 200-day moving average price of $3.43.

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.