Nidec (OTCMKTS:NJDCY) Shares Down 19.2% – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY)’s stock price fell 19.2% on Monday . The stock traded as low as $4.00 and last traded at $4.00. 1,398 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 36,020 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nidec Trading Up 2.4%

The stock has a market capitalization of $41.50 billion, a price-to-earnings ratio of 16.73 and a beta of 1.29. The company’s 50-day moving average is $3.76 and its 200-day moving average is $3.53. 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.