Nidec (OTCMKTS:NJDCY) Shares Up 6.4% – Here’s Why

Shares of Nidec Corp. (OTCMKTS:NJDCY) shot up 6.4% on Tuesday . The company traded as high as $4.15 and last traded at $4.15. 13,098 shares changed hands during trading, a decline of 60% from the average session volume of 32,954 shares. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec currently has a consensus rating of “Hold”.

Nidec Trading Down 14.4%

The business has a fifty day moving average price of $4.03 and a 200 day moving average price of $3.62. The company has a market capitalization of $39.21 billion, a PE ratio of 15.81 and a beta of 1.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61.

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.