Zacks Investment Research Lowers Nidec Co. (NJDCY) to Hold

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

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. “

Nidec (NASDAQ:NJDCY) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The business had revenue of $3.36 billion for the quarter. Nidec had a return on equity of 10.73% and a net margin of 7.41%.

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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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