Nidec (OTCMKTS:NJDCY) Trading Down 16.7% – Here’s Why

Nidec Corp. (OTCMKTS:NJDCY) was down 16.7% during trading on Monday . The stock traded as low as $4.00 and last traded at $4.00. Approximately 1,518 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 34,539 shares. The stock had previously closed at $4.80.

Wall Street Analyst Weigh In

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, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Nidec Trading Down 14.4%

The company’s fifty day moving average is $3.87 and its two-hundred day moving average is $3.57. The stock has a market cap of $39.21 billion, a price-to-earnings ratio of 15.81 and a beta of 1.29. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26.

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.