Nikon (OTCMKTS:NINOY) Shares Down 5.5% – Here’s What Happened
by Jessica Moore · The Cerbat GemNikon Corp. (OTCMKTS:NINOY – Get Free Report)’s stock price traded down 5.5% during mid-day trading on Wednesday . The company traded as low as $11.51 and last traded at $11.51. 130 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,186 shares. The stock had previously closed at $12.18.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Analysis on Nikon
Nikon Trading Down 3.4%
The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $12.39 and a 200-day simple moving average of $11.95. The firm has a market cap of $3.87 billion, a P/E ratio of -6.88 and a beta of 0.57.
Nikon (OTCMKTS:NINOY – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($1.99). Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion.
Nikon Company Profile
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.