Shares of Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $2.90, but opened at $3.27. Nidec shares last traded at $3.40, with a volume of 5,033 shares traded.
Nidec Trading Up 2.3%
The stock’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.55. The stock has a market capitalization of $31.29 billion, a PE ratio of 12.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06.
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.
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