Nikon (OTCMKTS:NINOY) Shares Gap Up – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.70, but opened at $11.74. Nikon shares last traded at $11.74, with a volume of 1 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NINOY shares. Zacks Research downgraded Nikon from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Jefferies Financial Group downgraded shares of Nikon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Nikon Trading Up 1.4%

The company has a 50 day moving average of $11.82 and a 200 day moving average of $10.67. The firm has a market cap of $3.77 billion, a P/E ratio of 43.46 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.98.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.03 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. Analysts predict that Nikon Corp. will post 0.44 EPS for the current fiscal year.

About Nikon

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.