Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY) gapped down before the market opened on Friday . The stock had previously closed at $11.2350, but opened at $10.68. Nikon shares last traded at $10.68, with a volume of 64 shares trading hands.

Nikon Trading Up 1.4%

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 $3.68 billion, a price-to-earnings ratio of -5.98 and a beta of 0.48. The company has a fifty day moving average price of $12.47 and a 200-day moving average price of $12.44.

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