Nikon (OTCMKTS:NINOY) Shares Gap Up – Still a Buy?

Shares of Nikon Corp. (OTCMKTS:NINOY) gapped up prior to trading on Wednesday. The stock had previously closed at $12.17, but opened at $12.54. Nikon shares last traded at $12.53, with a volume of 210 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Nikon to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nikon Stock Performance

The company has a fifty day moving average price of $12.00 and a two-hundred day moving average price of $12.39. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of -6.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. As a group, equities research analysts expect that Nikon Corp. will post 0.61 EPS for the current year.

About Nikon

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.