Todays Report: Today, Nidec Co. (NJDCY) Upgrade to Hold at The Zacks Investment Research

Today, Nidec Co. (NJDCY) Upgrade to Hold at The Zacks Investment Research

Nidec Co. (NASDAQ:NJDCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Nidec (NASDAQ:NJDCY) opened at 22.60 on Tuesday. Nidec has a 1-year low of $15.97 and a 1-year high of $24.38. The stock’s 50 day moving average is $23.41 and its 200-day moving average is $21.45. The firm has a market capitalization of $26.81 billion and a PE ratio of 31.36.

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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