Nikon (OTCMKTS:NINOY) Shares Down 10.4% – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) fell 10.4% during mid-day trading on Tuesday . The company traded as low as $13.00 and last traded at $13.00. 22 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 1,504 shares. The stock had previously closed at $14.5065.

Nikon Price Performance

The company’s 50-day simple moving average is $12.19 and its 200 day simple moving average is $11.95. The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -7.37 and a beta of 0.49.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.17 billion. Nikon had a negative net margin of 12.40% and a negative return on equity of 13.20%.

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.