Nikon (OTCMKTS:NINOY) Shares Gap Up – Should You Buy?

Nikon Corp. (OTCMKTS:NINOY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.72, but opened at $10.10. Nikon shares last traded at $10.40, with a volume of 4,974 shares changing hands.

Nikon Stock Up 5.1%

The company has a quick ratio of 1.02, a current ratio of 2.03 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $9.80 and a 200 day simple moving average of $10.00. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 39.31 and a beta of 0.59.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Nikon had a return on equity of 2.00% and a net margin of 1.85%.The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. As a group, analysts expect that Nikon Corp. 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.