Nikon (OTCMKTS:NINOY) Hits New 1-Year High – Here’s What Happened

Shares of Nikon Corp. (OTCMKTS:NINOY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.00 and last traded at $13.00, with a volume of 20 shares traded. The stock had previously closed at $12.72.

Analysts Set New Price Targets

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 analysts have rated the stock with a Hold rating, According to MarketBeat, Nikon presently has a consensus rating of “Hold”.

Nikon Trading Down 3.1%

The company has a fifty day simple moving average of $11.77 and a two-hundred day simple moving average of $11.49. The company has a market capitalization of $4.15 billion, a P/E ratio of -7.37 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($1.99). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Nikon had a negative net margin of 12.31% and a negative return on equity of 12.92%. On average, 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.