Nikon (OTCMKTS:NINOY) Sets New 12-Month High – Time to Buy?

Nikon Corp. (OTCMKTS:NINOY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.00 and last traded at $12.35, with a volume of 64 shares changing hands. The stock had previously closed at $12.99.

Analysts Set New Price Targets

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

Nikon Stock Down 4.9%

The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -7.22 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89. The firm’s fifty day moving average price is $11.89 and its 200-day moving average price is $11.60.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($1.99). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. Nikon had a negative net margin of 12.31% and a negative return on equity of 12.92%. Sell-side analysts expect 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.