Nikon (OTCMKTS:NINOY) Shares Up 9.8% – Time to Buy?

Nikon Corp. (OTCMKTS:NINOY) shares traded up 9.8% during mid-day trading on Wednesday . The company traded as high as $12.92 and last traded at $12.92. Approximately 300 shares traded hands during trading, a decline of 93% from the average session volume of 4,606 shares. The stock had previously closed at $11.7640.

Nikon Stock Up 2.4%

The company has a current ratio of 1.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $12.93 and its 200-day simple moving average is $12.52. The firm has a market capitalization of $4.15 billion, a P/E ratio of -7.46 and a beta of 0.50.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 12.40% and a negative return on equity of 13.46%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion.

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.