Nidec (OTCMKTS:NJDCY) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Nidec (OTCMKTS:NJDCY - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Nidec Stock Up 0.2%

OTCMKTS:NJDCY traded up $0.01 during trading hours on Thursday, hitting $4.79. The company's stock had a trading volume of 131,635 shares, compared to its average volume of 225,582. The stock has a market capitalization of $45.70 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08. The stock has a fifty day moving average of $4.84 and a 200-day moving average of $4.50. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Nidec has a 52-week low of $3.18 and a 52-week high of $5.55.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Nidec had a net margin of 6.06% and a return on equity of 9.18%. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $647.61 billion. On average, equities analysts forecast that Nidec will post 0.25 earnings per share for the current year.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.