Nikon (OTCMKTS:NINOY) Shares Gap Down – Time to Sell?

Nikon Corp. (OTCMKTS:NINOY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $11.70, but opened at $10.87. Nikon shares last traded at $11.1950, with a volume of 864 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 data from MarketBeat, the company has an average rating of “Hold”.

Nikon Stock 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 company has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $12.37. The stock has a market capitalization of $3.72 billion, a P/E ratio of -6.04 and a beta of 0.52.

Nikon (OTCMKTS:NINOY) last issued its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, equities analysts forecast that Nikon Corp. will post 0.61 EPS for the current year.

Nikon Company Profile

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.