Zacks Investment Research Downgrades Nidec (OTCMKTS:NJDCY) to Sell

Nidec (OTCMKTS:NJDCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, 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 lowered Nidec from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

OTCMKTS:NJDCY traded up $0.36 during trading hours on Wednesday, hitting $33.42. 30,608 shares of the stock were exchanged, compared to its average volume of 51,844. Nidec has a 52-week low of $26.02 and a 52-week high of $35.98. The firm’s fifty day moving average price is $33.43 and its 200 day moving average price is $33.25. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.24. The company has a market cap of $39.03 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.35 and a beta of 1.29.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings data on Wednesday, July 24th. The industrial goods maker reported $0.03 EPS for the quarter. Nidec had a return on equity of 7.66% and a net margin of 5.13%. The company had revenue of $3.28 billion during the quarter. Equities analysts expect that Nidec will post 0.94 EPS for the current fiscal year.

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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