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

Shares of Nidec Corp. (OTCMKTS:NJDCY) were up 10.7% during mid-day trading on Tuesday . The company traded as high as $4.55 and last traded at $4.55. Approximately 1,818 shares traded hands during trading, a decline of 95% from the average daily volume of 34,254 shares. The stock had previously closed at $4.11.

Analysts Set New Price Targets

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

Nidec Price Performance

The stock 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 current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $3.89 and its 200-day simple moving average is $3.58.

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.