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

Nikon Corp. (OTCMKTS:NINOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.35, but opened at $12.80. Nikon shares last traded at $12.79, with a volume of 23 shares trading hands.

Analysts Set New Price Targets

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

Nikon Stock Up 3.7%

The business has a fifty day moving average price of $11.66 and a two-hundred day moving average price of $11.36. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -7.30 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Nikon had a negative net margin of 12.31% and a negative return on equity of 12.92%. On average, equities analysts expect 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.