Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $4.37, but opened at $4.75. Nidec shares last traded at $4.75, with a volume of 351 shares changing hands.
Nidec Stock Performance
The firm has a 50-day moving average price of $4.11 and a 200-day moving average price of $3.94. The stock has a market cap of $42.92 billion, a P/E ratio of 17.30 and a beta of 1.29.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related systems. Founded in Kyoto in 1973, the company initially focused on precision small motors and has expanded into a broad portfolio serving information technology, automotive, appliance, commercial, and industrial markets.
The company develops and produces motors, motor controls, drives, and integrated systems used in products such as hard disk drives, cooling fans, smartphones, home appliances, automobiles, electric vehicles, robots, machine tools, and other industrial equipment.
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