Nikon (OTCMKTS:NINOY) Shares Down 7.3% – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY)’s share price fell 7.3% on Thursday. The stock traded as low as $11.65 and last traded at $11.65. 59 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 3,865 shares. The stock had previously closed at $12.5650.

Analyst Upgrades and Downgrades

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

Nikon Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91. The company has a market cap of $3.95 billion, a P/E ratio of -6.42 and a beta of 0.52. The stock’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $12.39.

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

Nikon Company Profile

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.