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

Nikon Corp. (OTCMKTS:NINOY) gapped down before the market opened on Wednesday. The stock had previously closed at $11.01, but opened at $10.62. Nikon shares last traded at $11.00, with a volume of 60 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Nikon to a “hold” rating in a report on Friday, September 25th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nikon Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91. The business’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $12.35. The firm has a market capitalization of $3.59 billion, a PE ratio of -5.83 and a beta of 0.52.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1 billion. As a group, equities research analysts expect that Nikon Corp. will post 0.61 EPS for the current year.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.