Nikon (OTCMKTS:NINOY) Stock Falls 7.3% – Time to Sell?

Nikon Corp. (OTCMKTS:NINOY)’s stock price dropped 7.3% on Thursday. The company traded as low as $11.65 and last traded at $11.65. Approximately 59 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 3,865 shares. The stock had previously closed at $12.5650.

Wall Street Analyst Weigh In

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

Nikon Price Performance

The firm has a 50-day simple moving average of $12.01 and a 200-day simple moving average of $12.39. The firm has a market cap of $3.87 billion, a P/E ratio of -6.28 and a beta of 0.52. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21.

Nikon (OTCMKTS:NINOY) last released 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. The firm 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%. As a group, analysts forecast that Nikon Corp. will post 0.61 EPS for the current year.

Nikon Company Profile

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.