Nidec (NJDCY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Nidec (OTCMKTS:NJDCY) from a buy rating to a hold rating in a research note published on Tuesday morning.

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 raised Nidec from a hold rating to a buy rating in a research note on Wednesday, May 2nd.

NJDCY opened at $34.90 on Tuesday. Nidec has a one year low of $27.55 and a one year high of $42.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.57 and a current ratio of 2.09. The firm has a market capitalization of $41.89 billion, a PE ratio of 34.90, a PEG ratio of 1.30 and a beta of 0.97.

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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