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

Shares of Nidec Corp. (OTCMKTS:NJDCY) gapped down before the market opened on Tuesday . The stock had previously closed at $4.25, but opened at $3.80. Nidec shares last traded at $3.80, with a volume of 405 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of 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, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Nidec Trading Up 28.2%

The company has a market capitalization of $43.41 billion, a PE ratio of 17.50 and a beta of 1.29. 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 business has a fifty day moving average price of $4.06 and a 200 day moving average price of $3.65.

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.