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

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.35, but opened at $4.10. Nidec shares last traded at $4.10, with a volume of 920 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Nidec Trading Up 1.4%

The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $3.43. The company has a market cap of $39.58 billion, a price-to-earnings ratio of 15.96 and a beta of 1.25.

Nidec Company Profile

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.