Nidec (NYSE:NJ) Receiving Somewhat Favorable Press Coverage, Study Finds

Press coverage about Nidec (NYSE:NJ) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nidec earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the industrial goods maker an impact score of 46.6231005162682 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Nidec (NJ) traded down $0.26 during mid-day trading on Friday, hitting $18.11. The stock had a trading volume of 141,000 shares, compared to its average volume of 148,972. Nidec has a 12 month low of $14.72 and a 12 month high of $22.89.

NJ has been the subject of several analyst reports. Keefe, Bruyette & Woods initiated coverage on Nidec in a report on Thursday, September 14th. They issued an “outperform” rating and a $14.00 target price for the company. DA Davidson restated a “neutral” rating and issued a $18.00 target price on shares of Nidec in a report on Friday, September 1st.

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About Nidec

Nidec Corporation is engaged in manufacturing of electric motors and related components and equipment. The Company focuses on providing brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.

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