Nidec (OTCMKTS:NJDCY) Trading 6.4% Higher – Still a Buy?

Nidec Corp. (OTCMKTS:NJDCY) shares traded up 6.4% on Tuesday . The stock traded as high as $4.15 and last traded at $4.15. 13,098 shares changed hands during trading, a decline of 60% from the average session volume of 32,954 shares. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, Nidec currently has an average rating of “Hold”.

Nidec Price Performance

The company has a market capitalization of $39.59 billion, a P/E ratio of 15.96 and a beta of 1.29. The firm’s fifty day moving average is $3.98 and its 200 day moving average is $3.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61.

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.