Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume – Should You Buy?
by Renee Jackson · The Cerbat GemShares of Nikon Corp. (OTCMKTS:NINOY – Get Free Report) saw strong trading volume on Friday . 3,814 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 2,139 shares.The stock last traded at $11.14 and had previously closed at $11.04.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Zacks Research cut Nikon from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Jefferies Financial Group downgraded Nikon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.
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Nikon Price Performance
The company has a quick ratio of 0.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.73 billion, a PE ratio of 62.11 and a beta of 0.52. The firm’s 50 day simple moving average is $11.58 and its 200 day simple moving average is $10.93.
Nikon (OTCMKTS:NINOY – Get Free Report) last released its earnings results 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.03 billion. Nikon had a return on equity of 1.33% and a net margin of 1.25%. As a group, research analysts anticipate that Nikon Corp. will post 0.44 EPS 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.