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

Shares of Nidec (NASDAQ:NJDCY) traded up 1.39% during midday trading on Wednesday, reaching $28.48. 12,121 shares of the company’s stock traded hands. Nidec has a 52-week low of $20.95 and a 52-week high of $29.23. The stock has a market cap of $33.73 billion and a price-to-earnings ratio of 31.33. The stock has a 50 day moving average of $28.23 and a 200-day moving average of $25.31.

Nidec (NASDAQ:NJDCY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $3.09 billion for the quarter. Nidec had a return on equity of 10.73% and a net margin of 7.41%. On average, equities research analysts expect that Nidec will post $0.79 EPS for the current year.

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Nidec Company Profile

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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