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

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped down prior to trading on Friday . The stock had previously closed at $3.37, but opened at $3.21. Nidec shares last traded at $3.27, with a volume of 2,066 shares traded.

Nidec Stock Performance

The company has a market capitalization of $30.72 billion, a P/E ratio of 12.39 and a beta of 0.96. The business has a 50 day moving average of $3.59 and a 200 day moving average of $3.59. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

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.