Nikon (OTCMKTS:NINOY) Shares Gap Down – Should You Sell?
by Doug Wharley · The Cerbat GemNikon Corp. (OTCMKTS:NINOY – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $11.1250, but opened at $10.75. Nikon shares last traded at $10.75, with a volume of 15,039 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut Nikon from a “hold” rating to a “strong sell” rating in a research note 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. Based on data from MarketBeat, Nikon currently has an average rating of “Reduce”.
Read Our Latest Research Report on NINOY
Nikon Price Performance
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89. The stock has a 50-day moving average price of $11.45 and a 200 day moving average price of $11.00. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 62.97 and a beta of 0.53.
Nikon (OTCMKTS:NINOY – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.03 billion. Nikon had a return on equity of 1.33% and a net margin of 1.25%. As a group, equities research analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.
About Nikon
Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.
In its Digital Imaging division, Nikon produces a wide range of cameras—from entry-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.