Nidec (OTCMKTS:NJDCY) Shares Gap Down – Here’s Why

Nidec Corp. (OTCMKTS:NJDCYGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $3.74, but opened at $3.20. Nidec shares last traded at $3.59, with a volume of 1,236 shares trading hands.

Nidec Stock Performance

The stock has a market cap of $38.26 billion, a price-to-earnings ratio of 15.42 and a beta of 0.96. The company’s fifty day simple moving average is $3.56 and its two-hundred day simple moving average is $3.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06.

Nidec Company Profile

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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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