Nidec (OTCMKTS:NJDCY) Shares Gap Down – Here’s Why
by Jessica Moore · The Cerbat GemNidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $5.00, but opened at $4.00. Nidec shares last traded at $4.40, with a volume of 749 shares.
Analyst Ratings Changes
Separately, Citigroup lowered Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Nidec
Nidec Price Performance
The firm has a market capitalization of $47.23 billion, a P/E ratio of 19.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The business has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $3.47.
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.