Nidec (OTCMKTS:NJDCY) Shares Gap Down – Time to Sell?

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Friday . The stock had previously closed at $4.95, but opened at $4.30. Nidec shares last traded at $3.90, with a volume of 1,214 shares changing hands.

Analyst Upgrades and Downgrades

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

Nidec Trading Down 19.2%

The stock’s 50 day moving average price is $3.74 and its 200-day moving average price is $3.52. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $38.16 billion, a PE ratio of 15.39 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.