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

Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock 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 traded.

Wall Street Analyst Weigh In

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

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Nidec Price Performance

The company has a 50 day moving average price of $4.07 and a 200 day moving average price of $3.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market cap of $37.21 billion, a PE ratio of 15.00 and a beta of 1.29.

About Nidec

(Get Free Report)

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.

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