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

Nikon Corp. (OTCMKTS:NINOY) gapped down before the market opened on Thursday . The stock had previously closed at $12.35, but opened at $11.12. Nikon shares last traded at $11.40, with a volume of 355 shares.

Analysts Set New Price Targets

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

Nikon Stock Up 6.1%

The company has a current ratio of 1.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $11.66 and its 200 day moving average price is $11.34. The company has a market capitalization of $3.96 billion, a P/E ratio of -7.04 and a beta of 0.59.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. Nikon had a negative return on equity of 12.92% and a negative net margin of 12.31%. As a group, equities research 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.