Nikon (OTCMKTS:NINOY) Sees Large Volume Increase – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) saw unusually-strong trading volume on Monday . Approximately 4,550 shares were traded during mid-day trading, an increase of 152% from the previous session’s volume of 1,803 shares.The stock last traded at $11.45 and had previously closed at $11.43.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Nikon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, 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 1.98 and a quick ratio of 0.97. The stock has a market capitalization of $3.86 billion, a P/E ratio of 44.54 and a beta of 0.56. The business’s 50 day moving average price is $10.03 and its 200 day moving average price is $10.06.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. Sell-side analysts forecast that Nikon Corp. will post 0.44 EPS for the current year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.