Nidec (OTCMKTS:NJDCY) Stock Price Down 8.9% – Here’s Why

Shares of Nidec Corp. (OTCMKTS:NJDCY) dropped 8.9% on Monday . The stock traded as low as $3.78 and last traded at $3.78. Approximately 6,614 shares changed hands during trading, a decline of 83% from the average daily volume of 37,969 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Nidec Stock Performance

The firm has a market capitalization of $37.30 billion, a PE ratio of 15.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The company’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $3.45.

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.