Nidec (OTCMKTS:NJDCY) Trading Down 10.4% – What’s Next?

Nidec Corp. (OTCMKTS:NJDCY) dropped 10.4% during trading on Tuesday . The company traded as low as $4.48 and last traded at $4.48. Approximately 8,711 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 37,031 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

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

Nidec Price Performance

The company has a fifty day moving average of $3.71 and a 200 day moving average of $3.51. The firm has a market capitalization of $47.23 billion, a P/E ratio of 19.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06.

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.