Nikon (OTCMKTS:NINOY) Stock Price Down 7.3% – Should You Sell?

Shares of Nikon Corp. (OTCMKTS:NINOY) fell 7.3% during mid-day trading on Thursday. The stock traded as low as $11.65 and last traded at $11.65. 59 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 3,865 shares. The stock had previously closed at $12.5650.

Wall Street Analyst Weigh In

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

Nikon Price Performance

The company has a 50-day moving average of $12.01 and a 200-day moving average of $12.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -6.42 and a beta of 0.52.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. As a group, research 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 precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.