Nidec (OTCMKTS:NJDCY) Trading Down 11.3% – Here’s Why

Nidec Corp. (OTCMKTS:NJDCY) shares dropped 11.3% during mid-day trading on Friday . The stock traded as low as $3.6380 and last traded at $3.6380. Approximately 6,226 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 37,087 shares. The stock had previously closed at $4.10.

Nidec Trading Down 4.6%

The stock has a market capitalization of $37.30 billion, a P/E ratio of 15.04 and a beta of 0.99. The stock’s fifty day moving average price is $3.50 and its two-hundred day moving average price is $3.81. The company has a current ratio of 1.61, a quick ratio of 1.06 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.