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

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.95, but opened at $4.20. Nidec shares last traded at $3.70, with a volume of 2,850 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Nidec currently has an average rating of “Hold”.

Nidec Trading Down 0.2%

The firm has a fifty day moving average of $4.06 and a two-hundred day moving average of $3.64. The company has a market cap of $40.45 billion, a PE ratio of 16.31 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.

Nidec Company Profile

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.