Nidec (OTCMKTS:NJDCY) Shares Gap Up – Still a Buy?

Nidec Corp. (OTCMKTS:NJDCY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.11, but opened at $3.80. Nidec shares last traded at $3.70, with a volume of 2,236 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Nidec Stock Up 4.4%

The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $35.87 billion, a P/E ratio of 14.46 and a beta of 0.99. The stock’s 50-day simple moving average is $3.45 and its 200-day simple moving average is $3.82.

About Nidec

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.