Nikon (OTCMKTS:NINOY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Nikon (OTCMKTS:NINOY) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group lowered 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 given a Sell rating to the stock. According to data from MarketBeat, Nikon presently has a consensus rating of “Reduce”.

Nikon Price Performance

OTCMKTS:NINOY traded down $0.27 during trading hours on Tuesday, hitting $11.32. The stock had a trading volume of 897 shares, compared to its average volume of 2,178. Nikon has a one year low of $8.50 and a one year high of $12.91. The company has a 50 day simple moving average of $11.85 and a two-hundred day simple moving average of $10.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.97. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 43.54 and a beta of 0.49.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. Research analysts forecast that Nikon will post 0.44 earnings per share for the current fiscal year.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.