Nidec (OTCMKTS:NJDCY) Shares Gap Up – Should You Buy?

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Wednesday . The stock had previously closed at $2.83, but opened at $3.15. Nidec shares last traded at $3.31, with a volume of 1,189,791 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NJDCY. Macquarie cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Wall Street Zen raised Nidec from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 23rd. Finally, Zacks Research upgraded Nidec from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nidec Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53. The company has a market capitalization of $31.01 billion, a price-to-earnings ratio of 14.13 and a beta of 1.14. The firm has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $4.57.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.