Nikon (OTCMKTS:NINOY) Shares Down 8.9% – What’s Next?

Nikon Corp. (OTCMKTS:NINOY) traded down 8.9% on Monday . The company traded as low as $11.65 and last traded at $11.72. 118 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,614 shares. The stock had previously closed at $12.87.

Analyst Upgrades and Downgrades

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

Nikon Stock Performance

The company has a market cap of $3.98 billion, a price-to-earnings ratio of -7.06 and a beta of 0.57. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $12.15 and its 200 day moving average price is $11.77.

Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($1.99). Nikon had a negative net margin of 12.31% and a negative return on equity of 13.39%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, analysts expect that Nikon Corp. will post 0.44 EPS for the current fiscal year.

Nikon Company Profile

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.