Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume – What’s Next?

Nikon Corp. (OTCMKTS:NINOY) saw unusually-strong trading volume on Wednesday. 4,864 shares changed hands during trading, an increase of 32% from the average daily volume of 3,683 shares. The stock last traded at $10.2750 and had previously closed at $10.66.

Analyst Upgrades and Downgrades

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

Nikon Stock Performance

The company has a market cap of $3.44 billion, a P/E ratio of -5.59 and a beta of 0.56. The stock has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $12.27. 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 announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. On average, equities analysts forecast that Nikon Corp. will post 0.61 earnings per share for the current fiscal year.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.