Nidec (OTCMKTS:NJDCY) Downgraded by ValuEngine to Hold

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ValuEngine lowered shares of Nidec (OTCMKTS:NJDCY) from a buy rating to a hold rating in a report released on Thursday, ValuEngine reports.

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

Nidec stock opened at $33.85 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.73 and a quick ratio of 1.25. Nidec has a 1-year low of $26.02 and a 1-year high of $39.31. The stock has a market cap of $40.09 billion, a price-to-earnings ratio of 39.82, a P/E/G ratio of 2.47 and a beta of 1.21. The stock has a 50-day moving average price of $32.80.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). Nidec had a return on equity of 11.06% and a net margin of 7.31%. The firm had revenue of $3.30 billion during the quarter. On average, equities analysts predict that Nidec will post 1.11 EPS for the current year.

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

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