Nikon (OTCMKTS:NINOY) Shares Gap Down – What’s Next?

Nikon Corp. (OTCMKTS:NINOY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $11.76, but opened at $10.52. Nikon shares last traded at $12.83, with a volume of 275 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Nikon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Nikon Stock Up 4.3%

The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 47.17 and a beta of 0.49. The business’s 50 day moving average price is $11.80 and its 200 day moving average price is $10.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.98.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Nikon had a return on equity of 1.99% and a net margin of 1.85%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, equities 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.