Shares of Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $4.29, but opened at $4.50. Nidec shares last traded at $4.55, with a volume of 253 shares trading hands.
Nidec Trading Up 1.4%
The business’s 50 day simple moving average is $4.01 and its 200 day simple moving average is $3.83. The firm has a market capitalization of $41.50 billion, a PE ratio of 16.73 and a beta of 1.29.
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.
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