Nidec (OTCMKTS:NJDCY) Stock Price Up 12.9% – Time to Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s share price rose 12.9% during trading on Wednesday . The stock traded as high as $4.80 and last traded at $4.80. Approximately 1,505 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 35,100 shares. The stock had previously closed at $4.25.

Wall Street Analysts Forecast Growth

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

Nidec Price Performance

The stock has a market capitalization of $42.84 billion, a price-to-earnings ratio of 17.27 and a beta of 1.29. 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 business’s 50 day simple moving average is $3.79 and its 200-day simple moving average is $3.54.

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.