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Nidec (OTCMKTS:NJDCY) Shares Gap Up – Here’s Why
['Logan Wallace']
Ticker Report
Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) shares gapped up before the market opened on Thursday .
Nidec shares last traded at $3.36, with a volume of 16,237 shares trading hands.
Wall Street Analysts Forecast GrowthSeparately, Macquarie cut shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th.
Nidec (OTCMKTS:NJDCY – Get Free Report) last released its quarterly earnings data on Friday, November 14th.
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.