Nidec (NJDCY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Nidec (OTCMKTS:NJDCY) from a sell rating to a hold rating in a research report report published on Wednesday.

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

NJDCY stock opened at $37.54 on Wednesday. The company has a market cap of $44.48 billion, a P/E ratio of 43.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.08. Nidec has a fifty-two week low of $24.94 and a fifty-two week high of $42.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.09 and a quick ratio of 1.57.

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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