Nidec (OTCMKTS:NJDCY) Shares Gap Down – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCYGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.35, but opened at $4.10. Nidec shares last traded at $4.10, with a volume of 920 shares.

Analysts Set New Price Targets

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, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Stock Report on NJDCY

Nidec Stock Down 12.0%

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’s 50 day simple moving average is $3.55 and its 200-day simple moving average is $3.42. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 14.04 and a beta of 1.25.

Nidec Company Profile

(Get Free Report)

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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