Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price rose 19.8% during mid-day trading on Tuesday . The company traded as high as $3.4750 and last traded at $3.4750. Approximately 17,224 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 43,034 shares. The stock had previously closed at $2.90.
Nidec Price Performance
The business’s fifty day moving average price is $3.56 and its 200 day moving average price is $3.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market cap of $30.59 billion, a P/E ratio of 12.33 and a beta of 1.07.
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.
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