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

Nikon Corp. (OTCMKTS:NINOY) shares gapped down before the market opened on Monday . The stock had previously closed at $11.1250, but opened at $10.75. Nikon shares last traded at $10.75, with a volume of 15,039 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Nikon from a “strong sell” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nikon Trading Up 0.6%

The firm has a fifty day moving average of $11.41 and a 200 day moving average of $11.02. The firm has a market capitalization of $3.75 billion, a PE ratio of 62.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.89.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) 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 analyst estimates of $1.03 billion. Equities research analysts expect that Nikon Corp. 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.