Nikon (OTCMKTS:NINOY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Nikon Corp. (OTCMKTS:NINOY) saw unusually-strong trading volume on Monday . 4,220 shares traded hands during trading, an increase of 4% from the previous session’s volume of 4,071 shares.The stock last traded at $11.44 and had previously closed at $11.24.

Nikon Stock Down 1.9%

The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The firm has a market cap of $3.63 billion, a PE ratio of -5.90 and a beta of 0.48. The business’s 50-day simple moving average is $12.67 and its 200 day simple moving average is $12.49.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.