Nikon (OTCMKTS:NINOY) Trading Down 4.2% – Should You Sell?

Nikon Corp. (OTCMKTS:NINOY) shares traded down 4.2% during mid-day trading on Thursday . The stock traded as low as $10.73 and last traded at $10.73. 1,161 shares were traded during mid-day trading, a decline of 46% from the average session volume of 2,164 shares. The stock had previously closed at $11.20.

Wall Street Analysts Forecast Growth

NINOY has been the topic of several research analyst reports. Jefferies Financial Group cut Nikon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Zacks Research downgraded shares of Nikon from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Nikon Stock Performance

The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 41.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.97. The stock has a 50-day moving average of $11.86 and a 200 day moving average of $10.65.

Nikon (OTCMKTS:NINOY) last announced 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). Nikon had a net margin of 1.85% and a return on equity of 1.99%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, analysts expect that Nikon Corp. will post 0.44 EPS for the current 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.