Nikon (OTCMKTS:NINOY) Sees Large Volume Increase – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) saw an uptick in trading volume on Wednesday. Approximately 4,864 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 3,683 shares. The stock last traded at $10.2750 and had previously closed at $10.66.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Nikon to a “hold” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Nikon presently has a consensus rating of “Hold”.

Nikon Trading Down 2.5%

The business has a fifty day simple moving average of $11.54 and a 200 day simple moving average of $12.27. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -5.59 and a beta of 0.56. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21.

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

About Nikon

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.