Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $4.47, but opened at $3.45. Nidec shares last traded at $3.45, with a volume of 376 shares.
Nidec Stock Down 23.3%
The business has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $3.95. The company has a market cap of $32.91 billion, a P/E ratio of 13.27 and a beta of 1.29.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.
Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.
Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.
Featured Articles
- Five stocks we like better than Nidec
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
- Tesla’s Semi Is Finally Here—But Will It Move the Stock?
- 5 Stocks Showing Why Pricing Power Matters More Than Government Money
Receive News & Ratings for Nidec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nidec and related companies with MarketBeat.com's FREE daily email newsletter.
