Nidec (OTCMKTS:NJDCY) Stock Price Up 8.4% – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY)’s stock price was up 8.4% during mid-day trading on Monday . The stock traded as high as $3.00 and last traded at $2.96. Approximately 26,130 shares were traded during trading, a decline of 91% from the average daily volume of 292,057 shares. The stock had previously closed at $2.73.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen upgraded Nidec from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nidec Stock Performance

The business’s 50-day simple moving average is $4.31 and its two-hundred day simple moving average is $4.60. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 11.91 and a beta of 1.12. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22.

Nidec Company Profile

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.