Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s What Happened

Shares of Nikon Corp. (OTCMKTS:NINOY) gapped down prior to trading on Thursday. The stock had previously closed at $11.70, but opened at $10.87. Nikon shares last traded at $11.1950, with a volume of 864 shares traded.

Analyst Ratings Changes

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

Nikon Trading Down 3.5%

The stock has a fifty day moving average of $11.99 and a two-hundred day moving average of $12.37. The company has a market capitalization of $3.72 billion, a PE ratio of -6.04 and a beta of 0.52. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21.

Nikon (OTCMKTS:NINOY) last issued its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. As a group, sell-side analysts anticipate that Nikon Corp. will post 0.61 earnings per share 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.