Nikon (OTCMKTS:NINOY) Shares Gap Down – Time to Sell?

Nikon Corp. (OTCMKTS:NINOY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.65, but opened at $11.91. Nikon shares last traded at $11.97, with a volume of 184 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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, According to MarketBeat.com, the stock has an average rating of “Hold”.

Nikon Stock Performance

The firm has a market capitalization of $3.94 billion, a PE ratio of -7.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.78 and a quick ratio of 0.83. The stock has a 50-day moving average price of $12.43 and a 200-day moving average price of $11.92.

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