Shares of Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) were up 7% during trading on Friday . The stock traded as high as $4.12 and last traded at $4.12. 820 shares changed hands during trading, a decline of 97% from the average session volume of 28,995 shares. The stock had previously closed at $3.85.
Nidec Stock Up 5.3%
The stock has a market capitalization of $39.50 billion, a price-to-earnings ratio of 15.92 and a beta of 1.29. The business has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $3.87.
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.
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