Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.15, but opened at $4.35. Nidec shares last traded at $4.44, with a volume of 722 shares trading hands.
Nidec Stock Performance
The firm’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $3.90. The firm has a market cap of $42.36 billion, a P/E ratio of 17.08 and a beta of 1.29.
Nidec Company Profile
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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