Nikon (OTCMKTS:NINOY) Sees Unusually-High Trading Volume – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) saw unusually-strong trading volume on Monday . Approximately 2,565 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 1,354 shares.The stock last traded at $11.5956 and had previously closed at $11.85.

Analysts Set New Price Targets

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

Nikon Stock Performance

The company’s fifty day simple moving average is $12.41 and its 200 day simple moving average is $11.91. The stock has a market capitalization of $3.86 billion, a P/E ratio of -6.86 and a beta of 0.57. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($1.99). Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

About Nikon

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.