Nidec (OTCMKTS:NJDCY) Raised 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 report published on Wednesday 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 Nidec from a buy rating to a hold rating in a report on Thursday, July 11th.

NJDCY opened at $32.68 on Wednesday. The stock has a market cap of $38.70 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.73 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $33.30 and its 200 day simple moving average is $32.48. Nidec has a 1-year low of $26.02 and a 1-year high of $37.56.

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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