Nikon (OTCMKTS:NINOY) Sets New 1-Year High – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.00 and last traded at $12.74, with a volume of 2169 shares traded. The stock had previously closed at $12.71.

Analyst Ratings Changes

Separately, Zacks Research raised Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Nikon presently has a consensus rating of “Hold”.

Nikon Price Performance

The company has a fifty day simple moving average of $11.65 and a 200 day simple moving average of $11.32. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 68.89 and a beta of 0.59. 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 analysts’ consensus estimates of $0.07 by ($0.15). The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.03 billion. Nikon had a return on equity of 1.33% and a net margin of 1.25%. Equities research analysts forecast that Nikon Corp. will post 0.44 EPS for the current fiscal year.

About Nikon

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.