Nikon (OTCMKTS:NINOY) Shares Gap Down – What’s Next?

Nikon Corp. (OTCMKTS:NINOY)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $11.91, but opened at $11.52. Nikon shares last traded at $12.46, with a volume of 363 shares traded.

Analysts Set New Price Targets

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

Nikon Stock Down 0.1%

The business has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $12.38. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4.01 billion, a PE ratio of -6.51 and a beta of 0.48.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.06. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. On average, equities research analysts expect 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.