Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume – Time to Buy?

Nikon Corp. (OTCMKTS:NINOY) shares saw an uptick in trading volume on Thursday . 971 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 1,255 shares.The stock last traded at $12.54 and had previously closed at $12.25.

Analyst Ratings Changes

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

Nikon Trading Down 0.9%

The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -7.10 and a beta of 0.57. The company’s 50-day moving average is $12.41 and its 200-day moving average is $11.92. The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.20.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings data on Thursday, February 5th. The company reported ($1.83) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.15 billion. Research analysts anticipate that Nikon Corp. will post 0.44 earnings per share for the current fiscal 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.