Nikon (OTCMKTS:NINOY) Rating Lowered to “Strong Sell” at Zacks Research

Nikon (OTCMKTS:NINOY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group downgraded Nikon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Nikon Stock Up 2.6%

Shares of OTCMKTS:NINOY opened at $11.59 on Tuesday. Nikon has a fifty-two week low of $8.50 and a fifty-two week high of $12.91. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $11.85 and its 200-day simple moving average is $10.59. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 44.58 and a beta of 0.49.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Nikon had a net margin of 1.85% and a return on equity of 1.99%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, equities research analysts predict that Nikon will post 0.44 earnings per share 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.