Nikon (OTCMKTS:NINOY) Trading Down 6.5% – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) dropped 6.5% on Wednesday . The company traded as low as $12.52 and last traded at $12.9448. 1,146 shares changed hands during trading, a decline of 72% from the average daily volume of 4,099 shares. The stock had previously closed at $13.85.

Nikon Stock Down 6.0%

The firm’s 50-day moving average price is $12.59 and its 200-day moving average price is $12.24. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -7.70 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 0.96.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Nikon had a negative return on equity of 13.46% and a negative net margin of 12.40%.The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.17 billion.

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.