Nikon (OTCMKTS:NINOY) Trading Up 3.3% – Should You Buy?

Nikon Corp. (OTCMKTS:NINOY)’s share price was up 3.3% on Wednesday . The company traded as high as $11.50 and last traded at $11.50. Approximately 88 shares were traded during trading, a decline of 98% from the average session volume of 4,022 shares. The stock had previously closed at $11.13.

Nikon Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92. The stock has a market capitalization of $3.71 billion, a P/E ratio of -6.02 and a beta of 0.48. The stock’s fifty day moving average is $12.29 and its 200-day moving average is $12.41.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%.

About Nikon

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.