Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) saw an uptick in trading volume on Friday . 3,814 shares traded hands during trading, an increase of 78% from the previous session’s volume of 2,139 shares.The stock last traded at $11.14 and had previously closed at $11.04.

Analyst Upgrades and Downgrades

NINOY has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered Nikon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Zacks Research cut shares of Nikon from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Nikon Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $11.58 and a 200 day moving average price of $10.93. The stock has a market cap of $3.73 billion, a PE ratio of 62.11 and a beta of 0.52.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Nikon had a return on equity of 1.33% and a net margin of 1.25%.The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, research analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current year.

About Nikon

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.