Nidec (OTCMKTS:NJDCY) Shares Gap Up – Here’s Why

Nidec Corp. (OTCMKTS:NJDCY) gapped up before the market opened on Thursday . The stock had previously closed at $4.00, but opened at $4.70. Nidec shares last traded at $4.70, with a volume of 456 shares trading hands.

Analyst Upgrades and Downgrades

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

Nidec Price Performance

The company has a market capitalization of $36.25 billion, a P/E ratio of 14.62 and a beta of 1.29. The business’s 50-day simple moving average is $3.92 and its 200 day simple moving average is $3.59. 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.