JPMorgan Chase & Co. Downgrades Nikon Corp (NINOY) to Underweight
Nikon Corp (OTC:NINOY) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Wednesday, StockTargetPrices.com reports.
Nikon Corp (OTC:NINOY) traded down 1.45% on Wednesday, reaching $14.98. The company had a trading volume of 25,945 shares. The firm has a 50-day moving average of $14.89 and a 200-day moving average of $14.47. The stock has a market capitalization of $5.93 billion and a P/E ratio of 20.33. Nikon Corp has a 12 month low of $12.70 and a 12 month high of $16.50.
About Nikon Corp
NIKON CORPORATION is mainly engaged in the manufacture and sale of image and video equipment. The Company operates in three business segments. The Precision Equipment segment offers semiconductor exposure apparatus and flat panel display (FPD) exposure apparatus products and services. The Video segment provides video related and its peripheral area products and services, such as interchangeable lens type digital cameras, compact digital cameras and interchangeable lenses.
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