Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.49, but opened at $3.85. Nidec shares last traded at $3.85, with a volume of 159 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Citigroup cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Nidec presently has an average rating of “Hold”.
Read Our Latest Analysis on NJDCY
Nidec Price Performance
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.
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