Nidec (NJDCY) Upgraded to Hold by Zacks Investment Research

Nidec (OTCMKTS:NJDCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, June 8th.

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 upgraded shares of Nidec from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

Shares of Nidec stock opened at $38.72 on Friday. Nidec has a 12-month low of $24.94 and a 12-month high of $42.27. The company has a quick ratio of 1.57, a current ratio of 2.09 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $45.18 billion, a PE ratio of 44.51, a P/E/G ratio of 1.41 and a beta of 1.08.

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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