Nidec Corp. (OTCMKTS:NJDCY – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.15, but opened at $4.35. Nidec shares last traded at $4.44, with a volume of 722 shares trading hands.
Nidec Price Performance
The stock’s 50-day simple moving average is $4.05 and its two-hundred day simple moving average is $3.90. The firm has a market capitalization of $42.36 billion, a P/E ratio of 17.08 and a beta of 1.29.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related systems. Founded in Kyoto in 1973, the company initially focused on precision small motors and has expanded into a broad portfolio serving information technology, automotive, appliance, commercial, and industrial markets.
The company develops and produces motors, motor controls, drives, and integrated systems used in products such as hard disk drives, cooling fans, smartphones, home appliances, automobiles, electric vehicles, robots, machine tools, and other industrial equipment.
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