Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.30, but opened at $4.16. Nidec shares last traded at $4.17, with a volume of 2,635 shares changing hands.
Nidec Stock Down 3.2%
The firm’s fifty day moving average price is $4.01 and its 200 day moving average price is $3.86. The stock has a market cap of $38.50 billion, a PE ratio of 15.52 and a beta of 1.29.
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.
Recommended Stories
- Five stocks we like better than Nidec
- SK hynix Triggers $28B Defense Against Tech Selloff
- Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
- Moderna’s 177% Surge Has Investors Asking What Comes Next
- 3 Energy Stocks Raising Dividends as the Sector Surges
Receive News & Ratings for Nidec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nidec and related companies with MarketBeat.com's FREE daily email newsletter.
