Nidec (OTCMKTS:NJDCY) Shares Gap Up – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.11, but opened at $3.80. Nidec shares last traded at $3.70, with a volume of 2,236 shares.

Analyst Ratings Changes

Separately, Macquarie Infrastructure lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Nidec has a consensus rating of “Hold”.

Nidec Price Performance

The firm has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $3.82. The company has a market cap of $35.87 billion, a P/E ratio of 14.46 and a beta of 0.99. 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.