Nikon (OTCMKTS:NINOY) Shares Up 9.8% – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY)’s share price shot up 9.8% during trading on Wednesday . The stock traded as high as $12.92 and last traded at $12.92. 300 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 4,606 shares. The stock had previously closed at $11.7640.

Nikon Trading Up 3.8%

The business has a fifty day moving average price of $12.92 and a two-hundred day moving average price of $12.51. The company has a current ratio of 1.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.13 billion, a PE ratio of -7.42 and a beta of 0.50.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Nikon had a negative net margin of 12.40% and a negative return on equity of 13.46%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.17 billion.

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.