Nidec (OTCMKTS:NJDCY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a sell rating to a hold rating in a research note released 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 downgraded Nidec from a buy rating to a hold rating in a research report on Thursday, July 11th.

OTCMKTS:NJDCY opened at $32.66 on Tuesday. Nidec has a twelve month low of $26.02 and a twelve month high of $37.56. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $33.15 and a two-hundred day moving average price of $32.50. The company has a market cap of $38.71 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23.

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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