Nidec (OTCMKTS:NJDCY) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a sell rating to a hold rating in a research report report published on Friday, 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 NJDCY opened at $34.84 on Friday. Nidec has a 12 month low of $26.02 and a 12 month high of $37.56. The firm has a fifty day simple moving average of $32.89 and a 200 day simple moving average of $32.82. The stock has a market capitalization of $40.70 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 3.43 and a beta of 1.27. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.24.

Nidec (OTCMKTS:NJDCY) last announced its earnings results on Wednesday, July 24th. The industrial goods maker reported $0.03 EPS 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. As a group, research analysts predict that Nidec will post 0.94 earnings per share for the current fiscal year.

Nidec Company Profile

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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