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

Nikon Corp. (OTCMKTS:NINOY – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $11.91, but opened at $11.52. Nikon shares last traded at $12.46, with a volume of 363 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Nikon to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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Nikon Stock Up 0.7%

The company has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $12.38. The firm has a market cap of $3.95 billion, a P/E ratio of -6.41 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21.

Nikon (OTCMKTS:NINOY – Get Free Report) last posted its quarterly 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. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. On average, equities analysts anticipate that Nikon Corp. will post 0.61 earnings per share for the current year.

Nikon Company Profile

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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.

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