Nikon (OTCMKTS:NINOY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Nikon Corp. (OTCMKTS:NINOY)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.12 and traded as low as $12.23. Nikon shares last traded at $12.62, with a volume of 2,678 shares trading hands.

Nikon Stock Up 0.2%

The firm has a market capitalization of $4.16 billion, a P/E ratio of -6.76 and a beta of 0.50. The company has a fifty day simple moving average of $13.12 and a 200 day simple moving average of $12.55. The company has a quick ratio of 0.96, a current ratio of 1.97 and a debt-to-equity ratio of 0.21.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative return on equity of 15.23% and a negative net margin of 13.88%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion.

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.