Nidec (OTCMKTS:NJDCY) Shares Gap Down – Here’s What Happened

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $3.49, but opened at $3.34. Nidec shares last traded at $3.40, with a volume of 4,313 shares changing hands.

Nidec Stock Down 7.2%

The stock has a 50-day moving average of $3.57 and a two-hundred day moving average of $3.61. The company has a market cap of $30.91 billion, a P/E ratio of 12.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61.

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.