Nikon (OTCMKTS:NINOY) Shares Gap Up – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) gapped up prior to trading on Wednesday . The stock had previously closed at $10.8590, but opened at $11.58. Nikon shares last traded at $11.2350, with a volume of 139 shares.

Nikon Price Performance

The company has a market cap of $3.63 billion, a price-to-earnings ratio of -5.89 and a beta of 0.48. The company’s 50-day simple moving average is $12.47 and its 200-day simple moving average is $12.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%.

About Nikon

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.