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

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

Analysts Set New Price Targets

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

Nidec Price Performance

The stock’s fifty day moving average is $3.76 and its 200-day moving average is $3.53. The stock has a market capitalization of $41.50 billion, a PE ratio of 16.73 and a beta of 1.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06.

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.