Nikon (OTCMKTS:NINOY) Shares Gap Up – Should You Buy?

by · The Markets Daily

Nikon Corp. (OTCMKTS:NINOY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $11.66, but opened at $12.04. Nikon shares last traded at $11.7350, with a volume of 38 shares changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on NINOY shares. Jefferies Financial Group lowered shares of Nikon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Zacks Research lowered shares of Nikon from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Read Our Latest Stock Analysis on NINOY

Nikon Stock Performance

The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 64.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.97. The firm has a 50 day moving average price of $11.75 and a 200-day moving average price of $10.85.

Nikon (OTCMKTS:NINOY – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.03 billion. Nikon had a net margin of 1.25% and a return on equity of 1.33%. As a group, sell-side analysts expect that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

Nikon Company Profile

(Get Free Report)

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

See Also