Nikon (OTCMKTS:NINOY) Shares Gap Up – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) shares gapped up before the market opened on Friday . The stock had previously closed at $12.44, but opened at $13.00. Nikon shares last traded at $12.71, with a volume of 536 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Nikon from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Nikon currently has an average rating of “Hold”.

Nikon Trading Up 2.2%

The company has a market capitalization of $4.18 billion, a P/E ratio of 70.61 and a beta of 0.53. The business has a 50 day moving average price of $11.55 and a 200 day moving average price of $11.22. The company has a current ratio of 1.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18.

Nikon (OTCMKTS:NINOY) last posted 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 return on equity of 1.33% and a net margin of 1.25%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. Analysts anticipate 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.