Nidec (OTCMKTS:NJDCY) Sees Unusually-High Trading Volume – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY) shares saw an uptick in trading volume on Thursday . 60,487 shares were traded during trading, an increase of 84% from the previous session’s volume of 32,946 shares.The stock last traded at $4.39 and had previously closed at $4.80.

Analysts Set New Price Targets

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

Nidec Stock Performance

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 company’s 50-day moving average price is $4.06 and its two-hundred day moving average price is $3.64. The company has a market capitalization of $40.55 billion, a price-to-earnings ratio of 16.35 and a beta of 1.29.

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.