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

Nikon Corp. (OTCMKTS:NINOY)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $12.21, but opened at $11.68. Nikon shares last traded at $12.20, with a volume of 109 shares changing hands.

Analyst Ratings Changes

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

Nikon Stock Performance

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 capitalization of $4.14 billion, a PE ratio of -6.72 and a beta of 0.52. The firm’s fifty day moving average price is $12.00 and its 200 day moving average price is $12.39.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. On average, research analysts anticipate that Nikon Corp. will post 0.61 earnings per share for the current year.

About Nikon

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.