Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) gapped down before the market opened on Wednesday. The stock had previously closed at $11.01, but opened at $10.62. Nikon shares last traded at $11.00, with a volume of 60 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Nikon to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nikon Stock Up 0.1%

The company has a fifty day moving average of $11.87 and a two-hundred day moving average of $12.35. The company has a market cap of $3.59 billion, a PE ratio of -5.83 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91.

Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. As a group, analysts anticipate that Nikon Corp. will post 0.61 earnings per share for the current fiscal year.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.