Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price traded up 5.3% during mid-day trading on Thursday . The stock traded as high as $4.39 and last traded at $4.3750. 1,164 shares traded hands during trading, a decline of 96% from the average daily volume of 28,430 shares. The stock had previously closed at $4.1550.
Nidec Price Performance
The company has a market capitalization of $41.69 billion, a P/E ratio of 16.81 and a beta of 1.29. The company’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $3.89.
Nidec Company Profile
Nidec Corporation is a Japan-based manufacturer of electric motors and related systems. Founded in Kyoto in 1973, the company initially focused on precision small motors and has expanded into a broad portfolio serving information technology, automotive, appliance, commercial, and industrial markets.
The company develops and produces motors, motor controls, drives, and integrated systems used in products such as hard disk drives, cooling fans, smartphones, home appliances, automobiles, electric vehicles, robots, machine tools, and other industrial equipment.
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