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

Nikon Corp. (OTCMKTS:NINOY) rose 3.3% on Wednesday . The stock traded as high as $11.50 and last traded at $11.50. Approximately 88 shares traded hands during trading, a decline of 98% from the average daily volume of 4,022 shares. The stock had previously closed at $11.13.

Nikon Trading Up 0.2%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of -6.02 and a beta of 0.48. The company’s 50 day moving average is $12.29 and its 200 day moving average is $12.41.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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.