Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares traded up 18.2% during trading on Friday. The stock traded as high as $4.16 and last traded at $4.16. 2,737 shares changed hands during trading, a decline of 90% from the average session volume of 27,238 shares. The stock had previously closed at $3.52.
Nidec Stock Performance
The company has a 50 day moving average of $4.10 and a two-hundred day moving average of $3.94. The stock has a market capitalization of $31.58 billion, a PE ratio of 12.73 and a beta of 1.33.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.
Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.
Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.
Further Reading
- Five stocks we like better than Nidec
- AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
- Time to Nibble on MCD Stock After it Enters Oversold Territory?
- McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside
- Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
Receive News & Ratings for Nidec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nidec and related companies with MarketBeat.com's FREE daily email newsletter.
