Nikon (OTCMKTS:NINOY) Shares Gap Up – Time to Buy?

Nikon Corp. (OTCMKTS:NINOY) shares gapped up before the market opened on Monday . The stock had previously closed at $12.21, but opened at $12.70. Nikon shares last traded at $12.60, with a volume of 77 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nikon Price Performance

The stock has a fifty day moving average price of $12.40 and a 200-day moving average price of $11.94. The company has a market cap of $3.99 billion, a PE ratio of -7.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.78 and a quick ratio of 0.83.

Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($1.99). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Nikon had a negative net margin of 12.31% and a negative return on equity of 13.39%. On average, equities analysts expect that Nikon Corp. will post 0.44 earnings per share for the current year.

Nikon Company Profile

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.