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

Shares of Nikon Corp. (OTCMKTS:NINOY) gapped down prior to trading on Monday. The stock had previously closed at $10.16, but opened at $9.50. Nikon shares last traded at $9.72, with a volume of 2,457 shares.

Wall Street Analysts Forecast Growth

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

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 firm has a market cap of $3.31 billion, a price-to-earnings ratio of -6.25 and a beta of 0.56. The business’s 50-day moving average price is $11.33 and its two-hundred day moving average price is $12.23.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.21. Nikon had a negative net margin of 11.86% and a negative return on equity of 13.88%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. On average, research analysts forecast that Nikon Corp. will post 0.61 EPS for the current fiscal year.

About Nikon

Nikon Corporation is a Japan-based manufacturer of optical and imaging products. Founded in 1917 as Nippon Kogaku K.K., the company has expanded from its roots in precision optics into a range of technology and imaging businesses. Nikon’s products and services include digital cameras and lenses, semiconductor lithography systems, microscopes and other healthcare-related equipment, and industrial measurement and inspection systems. It also develops optical components and technologies used in manufacturing and other applications.