Nikon (OTCMKTS:NINOY) Shares Gap Up – Here’s Why

Nikon Corp. (OTCMKTS:NINOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.21, but opened at $12.70. Nikon shares last traded at $12.60, with a volume of 77 shares traded.

Wall Street Analyst Weigh In

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

Nikon Price Performance

The stock has a market capitalization of $4.01 billion, a P/E ratio of -7.12 and a beta of 0.57. 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 company has a fifty day simple moving average of $12.39 and a two-hundred day simple moving average of $11.95.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($1.99). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%.

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.