Nikon (OTCMKTS:NINOY) Trading 5.7% Higher – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY) traded up 5.7% on Tuesday . The stock traded as high as $11.06 and last traded at $11.06. 69 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,229 shares. The stock had previously closed at $10.46.

Analyst Ratings Changes

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

Nikon Stock Performance

The stock’s fifty day moving average is $12.23 and its two-hundred day moving average is $11.91. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -6.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.78.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share 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 13.39%.

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.