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

Key Points

• Nidec shares gapped up before trading Friday, opening at $3.52 after a $3.35 close and last trading at $3.54 on light volume (~4,058 shares), sitting essentially at its 50-day ($3.54) and 200-day ($3.51) moving averages.
• Valuation and balance-sheet metrics show a market capitalization of $34.06 billion and a P/E of 13.73, with modest leverage (debt-to-equity 0.26) and moderate liquidity (current ratio 1.61, quick ratio 1.06).
• Business profile — Nidec is a global manufacturer of electric motors and mechatronic systems, known for precision small motors used in hard-disk drives and expanded offerings across consumer, industrial and automotive markets.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $3.35, but opened at $3.52. Nidec shares last traded at $3.54, with a volume of 4,058 shares changing hands.

Nidec Stock Performance

The stock has a 50-day moving average of $3.54 and a 200 day moving average of $3.51. 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 stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 13.73 and a beta of 1.07.

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.

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