Nikon (OTCMKTS:NINOY) Stock Price Down 4.2% – Time to Sell?

Nikon Corp. (OTCMKTS:NINOY) traded down 4.2% during mid-day trading on Monday. The stock traded as low as $10.82 and last traded at $10.82. Approximately 33 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 3,824 shares. The stock had previously closed at $11.30.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Nikon to a “hold” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Nikon Price Performance

The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of -5.82 and a beta of 0.52. The stock has a 50-day moving average of $11.87 and a two-hundred day moving average of $12.35.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. On average, analysts anticipate that Nikon Corp. will post 0.61 EPS for the current year.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.