Nidec (OTCMKTS:NJDCY) Shares Gap Down – Time to Sell?

Nidec Corp. (OTCMKTS:NJDCY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.95, but opened at $3.00. Nidec shares last traded at $3.00, with a volume of 662 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Nidec from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Nidec Trading Down 1.0%

The firm’s 50 day moving average price is $4.10 and its 200 day moving average price is $3.67. The stock has a market capitalization of $36.25 billion, a P/E ratio of 14.62 and a beta of 1.29. 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

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.