Nidec (OTCMKTS:NJDCY) Cut to Hold at ValuEngine

ValuEngine cut shares of Nidec (OTCMKTS:NJDCY) from a buy rating to a hold rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of GenMark Diagnostics from a hold rating to a sell rating in a report on Wednesday, April 24th.

Shares of Nidec stock opened at $33.85 on Thursday. The company has a market cap of $40.09 billion, a P/E ratio of 39.82, a P/E/G ratio of 2.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.73 and a quick ratio of 1.25. The business has a fifty day moving average price of $32.80. Nidec has a fifty-two week low of $26.02 and a fifty-two week high of $39.31.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Tuesday, April 23rd. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $3.30 billion during the quarter. Nidec had a return on equity of 11.06% and a net margin of 7.31%. As a group, analysts anticipate that Nidec will post 1.11 earnings per share for the current fiscal year.

About Nidec

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.

Recommended Story: What is the formula for the cash asset ratio?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Nidec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nidec and related companies with's FREE daily email newsletter.