Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares dropped 6.5% on Thursday . The stock traded as low as $3.60 and last traded at $3.60. Approximately 868 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 28,989 shares. The stock had previously closed at $3.85.
Nidec Stock Up 5.9%
The stock has a market capitalization of $39.69 billion, a price-to-earnings ratio of 16.00 and a beta of 1.29. The stock’s 50-day simple moving average is $3.97 and its 200 day simple moving average is $3.87.
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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