Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s share price rose 6.4% during trading on Tuesday . The stock traded as high as $4.15 and last traded at $4.15. Approximately 13,098 shares were traded during trading, a decline of 60% from the average daily volume of 32,954 shares. The stock had previously closed at $3.90.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.
View Our Latest Research Report on Nidec
Nidec Stock Performance
About Nidec
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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