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

Shares of Nidec Corp. (OTCMKTS:NJDCY) fell 8.9% during mid-day trading on Monday . The company traded as low as $3.78 and last traded at $3.78. 6,614 shares were traded during mid-day trading, a decline of 83% from the average session volume of 37,969 shares. The stock had previously closed at $4.15.

Analysts Set New Price Targets

Separately, Citigroup downgraded Nidec from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Nidec presently has a consensus rating of “Hold”.

Nidec Stock Down 9.6%

The stock has a market cap of $35.78 billion, a P/E ratio of 14.42 and a beta of 1.25. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $3.58 and its 200 day moving average is $3.44.

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.