Nikon (OTCMKTS:NINOY) Hits New 12-Month High – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.00 and last traded at $12.50, with a volume of 31 shares changing hands. The stock had previously closed at $12.55.

Wall Street Analyst Weigh In

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

Nikon Stock Performance

The company has a 50-day moving average of $12.06 and a 200-day moving average of $11.71. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -7.30 and a beta of 0.57. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) EPS for the quarter, missing the consensus estimate of $0.16 by ($1.99). Nikon had a negative net margin of 12.31% and a negative return on equity of 13.39%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, equities research analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current fiscal 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.