Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.36, but opened at $4.14. Nidec shares last traded at $4.19, with a volume of 4,134 shares.
Nidec Price Performance
The stock’s 50 day moving average is $4.02 and its two-hundred day moving average is $3.88. The firm has a market capitalization of $41.50 billion, a P/E ratio of 16.73 and a beta of 1.29.
About Nidec
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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