Nidec (OTCMKTS:NJDCY) Sees Strong Trading Volume – Here’s Why

Nidec Corp. (OTCMKTS:NJDCY) shares saw unusually-strong trading volume on Thursday . Approximately 958,526 shares traded hands during trading, an increase of 196% from the previous session’s volume of 324,258 shares.The stock last traded at $3.38 and had previously closed at $3.29.

Wall Street Analyst Weigh In

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

Nidec Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $4.17 and its two-hundred day moving average price is $4.58. The company has a market cap of $30.82 billion, a P/E ratio of 14.04 and a beta of 1.14.

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.