Nidec (OTCMKTS:NJDCY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Nidec Corp and its subsidiaries are primarily engaged in the design, development, manufacturing and marketing of i) small precision motors, ii) mid-size motors, iii) machinery and power supplies, and iv) other products, which include auto parts, pivot assemblies, encoders and other services. Manufacturing operations are located primarily in Asia and they have sales subsidiaries in Asia, North America and Europe. “

Separately, ValuEngine cut shares of Nidec from a buy rating to a hold rating in a report on Thursday, July 11th.

Shares of OTCMKTS NJDCY opened at $33.58 on Tuesday. Nidec has a fifty-two week low of $26.02 and a fifty-two week high of $35.98. The company has a 50 day simple moving average of $33.51 and a two-hundred day simple moving average of $33.33. The company has a market capitalization of $39.34 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 3.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.10 and a current ratio of 1.52.

Nidec (OTCMKTS:NJDCY) last announced its earnings results on Wednesday, July 24th. The industrial goods maker reported $0.03 earnings per share for the quarter. Nidec had a net margin of 5.13% and a return on equity of 7.66%. The business had revenue of $3.28 billion during the quarter. On average, analysts forecast that Nidec will post 0.94 earnings per share for the current fiscal year.

About Nidec

Nidec Corporation manufactures and sells motors and other electronic products worldwide. It offers brushless DC, brush DC, induction, SR, synchronous, servo, and stepping motors, as well as drive circuits; fans and blowers, such as DC axial flow, DC blower, and AC axial flow fans; and machinery, including inspection and measuring systems, automation units, control equipment, marking devices, and optical devices.

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