Nidec (OTCMKTS:NJDCY) Shares Gap Down – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Monday . The stock had previously closed at $3.95, but opened at $3.00. Nidec shares last traded at $3.00, with a volume of 662 shares trading hands.

Wall Street Analysts Forecast Growth

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

Nidec Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The firm’s 50 day moving average is $4.11 and its 200-day moving average is $3.67. The firm has a market cap of $37.21 billion, a price-to-earnings ratio of 15.00 and a beta of 1.29.

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.