Shares of Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $4.36, but opened at $4.14. Nidec shares last traded at $4.19, with a volume of 4,134 shares changing hands.
Nidec Price Performance
The stock has a market capitalization of $39.40 billion, a P/E ratio of 15.89 and a beta of 1.29. The company has a 50 day simple moving average of $3.98 and a 200-day simple moving average of $3.87.
Nidec Company Profile
Nidec Corporation is a Japanese manufacturer of electric motors and related equipment. The company develops and produces precision motors, motor systems, and components used in hard disk drives, optical and other electronic devices, automobiles, household appliances, commercial equipment, and industrial machinery.
Its product portfolio includes automotive traction motors and e-axle systems, appliance and commercial motors, industrial motors, fans, blowers, and motor-control technologies.
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