Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) dropped 6.5% during mid-day trading on Thursday . The company traded as low as $3.60 and last traded at $3.60. Approximately 868 shares changed hands during trading, a decline of 97% from the average daily volume of 28,989 shares. The stock had previously closed at $3.85.
Nidec Price Performance
The stock has a market cap of $37.49 billion, a P/E ratio of 15.12 and a beta of 1.29. The company’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $3.87.
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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