Nikon (OTCMKTS:NINOY) Stock Price Down 4.2% – What’s Next?

Nikon Corp. (OTCMKTS:NINOY) shares dropped 4.2% on Monday. The stock traded as low as $10.82 and last traded at $10.82. 33 shares traded hands during trading, a decline of 99% from the average daily volume of 3,824 shares. The stock had previously closed at $11.30.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nikon to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Nikon Stock Performance

The company’s fifty day moving average price is $11.94 and its 200 day moving average price is $12.36. The company has a market cap of $3.61 billion, a PE ratio of -5.87 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. On average, equities research analysts predict that Nikon Corp. will post 0.61 earnings per share for the current year.

About Nikon

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.