Nidec (OTCMKTS:NJDCY) Shares Gap Down - What's Next?

Key Points

• Nidec shares gapped down pre-market Friday, opening at $3.21 after a $3.37 close; the stock last traded at $3.27 on light volume (~2,066 shares).
• Nidec's fundamentals show healthy liquidity and low leverage (quick ratio 1.06, current ratio 1.61, debt/equity 0.26) with a market cap of $30.72 billion and a P/E of 12.39, while the price sits below both the 50‑ and 200‑day moving averages ($3.59), signaling short-term technical weakness.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $3.37, but opened at $3.21. Nidec shares last traded at $3.27, with a volume of 2,066 shares changing hands.

Nidec Price Performance

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 firm's fifty day moving average price is $3.59 and its 200 day moving average price is $3.59. The stock has a market cap of $30.72 billion, a PE ratio of 12.39 and a beta of 0.96.

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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