Nikon (OTCMKTS:NINOY) Shares Gap Up – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) shares gapped up before the market opened on Friday . The stock had previously closed at $12.44, but opened at $13.00. Nikon shares last traded at $12.71, with a volume of 536 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nikon currently has an average rating of “Hold”.

Nikon Trading Up 2.2%

The company’s fifty day moving average price is $11.55 and its two-hundred day moving average price is $11.22. 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 cap of $4.18 billion, a price-to-earnings ratio of 70.61 and a beta of 0.53.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The business had revenue of $1 billion for 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%. Research analysts expect that Nikon Corp. will post 0.44 earnings per share for the current 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.