Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares rose 5.3% on Thursday . The company traded as high as $4.39 and last traded at $4.3750. 1,164 shares were traded during mid-day trading, a decline of 96% from the average session volume of 28,430 shares. The stock had previously closed at $4.1550.
Nidec Trading Up 4.0%
The stock’s fifty day moving average price is $4.00 and its 200 day moving average price is $3.88. The stock has a market cap of $41.22 billion, a P/E ratio of 16.62 and a beta of 1.29.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related systems. Founded in Kyoto in 1973, the company initially focused on precision small motors and has expanded into a broad portfolio serving information technology, automotive, appliance, commercial, and industrial markets.
The company develops and produces motors, motor controls, drives, and integrated systems used in products such as hard disk drives, cooling fans, smartphones, home appliances, automobiles, electric vehicles, robots, machine tools, and other industrial equipment.
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