Nikon (OTCMKTS:NINOY) Shares Down 4.2% – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY)’s share price was down 4.2% during trading on Monday. The company traded as low as $10.82 and last traded at $10.82. 33 shares changed hands during trading, a decline of 99% from the average session volume of 3,824 shares. The stock had previously closed at $11.30.

Analyst Ratings Changes

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

Nikon Price Performance

The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.61 billion, a PE ratio of -5.87 and a beta of 0.52. The business has a 50-day moving average price of $11.94 and a 200 day moving average price of $12.36.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data 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 return on equity of 15.50% and a negative net margin of 13.88%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. As a group, research analysts forecast that Nikon Corp. will post 0.61 earnings per share for the current fiscal 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.