Nidec (OTCMKTS:NJDCY) Stock Price Down 16.7% – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY) was down 16.7% on Wednesday . The stock traded as low as $4.00 and last traded at $4.00. Approximately 8,126 shares were traded during trading, a decline of 75% from the average daily volume of 32,888 shares. The stock had previously closed at $4.80.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec currently has a consensus rating of “Hold”.

Nidec Stock Performance

The stock has a market cap of $40.55 billion, a P/E ratio of 16.35 and a beta of 1.29. The business has a 50 day moving average price of $4.04 and a 200 day moving average price of $3.63. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

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.