Nikon (OTCMKTS:NINOY) Stock Price Up 5.5% – Here’s Why

Nikon Corp. (OTCMKTS:NINOY)’s stock price shot up 5.5% during mid-day trading on Friday . The stock traded as high as $12.45 and last traded at $12.45. 80 shares were traded during mid-day trading, a decline of 97% from the average session volume of 2,821 shares. The stock had previously closed at $11.8025.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Nikon from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nikon currently has a consensus rating of “Hold”.

Nikon Stock Performance

The stock has a market capitalization of $4.09 billion, a P/E ratio of 68.11 and a beta of 0.53. The company has a 50-day moving average price of $11.42 and a two-hundred day moving average price of $11.14. The company has a current ratio of 1.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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 1.25% and a return on equity of 1.33%. On average, equities analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current year.

Nikon Company Profile

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.