Nikon (OTCMKTS:NINOY) Reaches New 1-Year Low – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) hit a new 52-week low on Thursday. The company traded as low as $10.05 and last traded at $10.50, with a volume of 5 shares. The stock had previously closed at $10.72.

Analyst Ratings Changes

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. Based on data from MarketBeat.com, Nikon presently has a consensus rating of “Hold”.

Nikon Stock Performance

The stock has a market cap of $3.21 billion, a PE ratio of -6.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92. The business has a 50 day moving average price of $11.41 and a two-hundred day moving average price of $12.25.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, November 5th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.21. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. As a group, equities research analysts forecast 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.