Nikon (OTCMKTS:NINOY) Reaches New 52-Week High – Time to Buy?

Nikon Corp. (OTCMKTS:NINOY) shares hit a new 52-week high on Tuesday . The stock traded as high as $13.00 and last traded at $12.80, with a volume of 205 shares traded. The stock had previously closed at $12.04.

Analyst Upgrades and Downgrades

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

Nikon Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.89. The company has a market capitalization of $4.21 billion, a P/E ratio of -7.49 and a beta of 0.59. The firm’s fifty day moving average is $11.67 and its 200 day moving average is $11.38.

Nikon (OTCMKTS:NINOY) last issued its quarterly 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 return on equity of 12.92% and a negative net margin of 12.31%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts predict that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

About Nikon

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.