Nidec (OTCMKTS:NJDCY) Shares Gap Down - Should You Sell?

Key Points

• Gapped down: Nidec opened at $3.42 after closing at $3.5542 and last traded at $3.49, with a light volume of 678 shares, reflecting a modest intraday decline on low trading activity.
• Valuation and liquidity: The company has a market cap of $33.39 billion and a P/E of 13.46, with a quick ratio of 1.06, current ratio of 1.61 and debt-to-equity of 0.26; its 50-day and 200-day moving averages are $3.53 and $3.48, keeping the stock near its medium- and long-term averages.
• Business overview: Nidec is a global manufacturer of electric motors—notably precision small motors for hard-disk drives—and offers a broad portfolio including brushless DC and induction motors, servo systems, power electronics and complete motor-driven systems for consumer, industrial and automotive markets.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $3.5542, but opened at $3.42. Nidec shares last traded at $3.49, with a volume of 678 shares.

Nidec Stock Performance

The company has a market cap of $33.39 billion, a P/E ratio of 13.46 and a beta of 1.07. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $3.53 and a two-hundred day moving average price of $3.48.

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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