Nikon (OTCMKTS:NINOY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Nikon (OTCMKTS:NINOY) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Nikon Stock Performance

OTCMKTS:NINOY opened at $11.16 on Monday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 62.01 and a beta of 0.53. 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 has a 1-year low of $8.50 and a 1-year high of $12.91. The firm’s fifty day moving average price is $11.41 and its 200 day moving average price is $11.02.

Nikon (OTCMKTS:NINOY) last issued its earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). Nikon had a net margin of 1.25% and a return on equity of 1.33%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, sell-side analysts expect that Nikon will post 0.44 EPS for the current year.

Nikon Company Profile

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.