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

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.4750, but opened at $4.30. Nidec shares last traded at $3.52, with a volume of 1,806 shares changing hands.

Nidec Trading Up 2.3%

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 business’s 50 day moving average price is $3.52 and its 200-day moving average price is $3.48. The firm has a market cap of $33.49 billion, a price-to-earnings ratio of 13.50 and a beta of 1.07.

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.