Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.94 and traded as high as $4.47. Nidec shares last traded at $4.47, with a volume of 2,871 shares changing hands.
Nidec Stock Performance
The stock has a market capitalization of $42.65 billion, a price-to-earnings ratio of 17.19 and a beta of 1.29. The business has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $3.94.
Nidec Company Profile
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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