Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) gapped down prior to trading 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 changing hands.
Wall Street Analyst Weigh In
Separately, Citigroup lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Nidec has a consensus rating of “Hold”.
Read Our Latest Report on Nidec
Nidec Trading Down 5.1%
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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