Nidec (OTCMKTS:NJDCY) Trading Down 9.2% - Here's What Happened

Key Points

• Nidec shares fell 9.2% to $3.1060 on Thursday, trading as low as $3.1060 on just 13,417 shares — about 70% below the average session volume of 44,579.
• The stock is trading below its 50- and 200-day moving averages of $3.59, while Nidec's fundamentals show a market cap of $31.44 billion, a P/E of 12.67, and modest leverage (debt-to-equity 0.26) with current and quick ratios of 1.61 and 1.06.

Shares of Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) fell 9.2% during trading on Thursday . The stock traded as low as $3.1060 and last traded at $3.1060. 13,417 shares traded hands during trading, a decline of 70% from the average session volume of 44,579 shares. The stock had previously closed at $3.42.

Nidec Stock Down 3.7%

The business's fifty day moving average price is $3.59 and its two-hundred day moving average price is $3.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The firm has a market capitalization of $31.44 billion, a P/E ratio of 12.67 and a beta of 0.96.

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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