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Nidec (OTCMKTS:NJDCY) Trading Down 8.9% - Should You Sell?

Nidec logo with Computer and Technology background
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Key Points

  • Shares fell 8.9% to $3.48 mid-day, with only about 139 shares traded—far below the average daily volume of 49,393.
  • The stock has a market capitalization of $34.06 billion, a P/E of 13.73, and is trading below its 50-day ($3.53) and 200-day ($3.77) moving averages.
  • Nidec is a global electric-motor manufacturer best known for precision small motors used in hard-disk drives and has expanded into motors, drives and mechatronic systems for consumer, industrial and automotive applications.
  • MarketBeat previews the top five stocks to own by May 1st.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report)'s share price was down 8.9% during mid-day trading on Friday . The company traded as low as $3.48 and last traded at $3.48. Approximately 139 shares were traded during trading, a decline of 100% from the average daily volume of 49,393 shares. The stock had previously closed at $3.82.

Nidec Price Performance

The company has a market capitalization of $34.06 billion, a price-to-earnings ratio of 13.73 and a beta of 0.96. The business has a fifty day moving average price of $3.53 and a 200 day moving average price of $3.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06.

Nidec Company Profile

(Get Free Report)

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.

See Also

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