Nidec (OTCMKTS:NJDCY) Shares Gap Up – Still a Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.75, but opened at $4.00. Nidec shares last traded at $4.00, with a volume of 132 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup downgraded Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Nidec Stock Performance

The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 19.23 and a beta of 1.25. The stock has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $3.47. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

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.