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

Nikon Corp. (OTCMKTS:NINOY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.66, but opened at $12.04. Nikon shares last traded at $11.7350, with a volume of 38 shares trading hands.

Analyst Upgrades and Downgrades

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

Nikon Price Performance

The stock’s 50 day moving average is $11.74 and its two-hundred day moving average is $10.83. The stock has a market capitalization of $3.91 billion, a PE ratio of 65.06 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.97.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.15). Nikon had a return on equity of 1.33% and a net margin of 1.25%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, sell-side analysts forecast 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.