Nidec (OTCMKTS:NJDCY) Shares Gap Down – Here’s Why

Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Friday . The stock had previously closed at $5.00, but opened at $4.00. Nidec shares last traded at $4.40, with a volume of 749 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Nidec from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nidec Price Performance

The business has a fifty day moving average of $3.62 and a 200-day moving average of $3.47. The firm has a market cap of $47.23 billion, a PE ratio of 19.04 and a beta of 1.25. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26.

About Nidec

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.