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

Nidec Corp. (OTCMKTS:NJDCY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $4.00, but opened at $4.70. Nidec shares last traded at $4.70, with a volume of 456 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of 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 data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nidec Price Performance

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 stock’s 50-day moving average price is $3.97 and its 200 day moving average price is $3.60. The firm has a market cap of $38.64 billion, a price-to-earnings ratio of 15.58 and a beta of 1.29.

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.