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Nidec (NYSE:NJ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday. They currently have a $16.70 target price on the stock. Zacks‘s price objective would suggest a potential upside of 8.16% from the company’s current price.

Shares of Nidec (NYSE:NJ) remained flat at $15.44 during during mid-day trading trading on Tuesday. The stock had a trading volume of 264,403 shares. Nidec has a 52-week low of $12.50 and a 52-week high of $31.40. The stock has a 50-day moving average of $14.43 and a 200-day moving average of $22.28. The company has a market cap of $17.034 billion and a P/E ratio of 32.45.

Nidec Corporation (NYSE:NJ) is a global manufacturer of electric motors, and related components and equipment.

To view Zacks’ full report, visit Zacks’ official website.

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