Nikon (OTCMKTS:NINOY) Shares Gap Up – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) shares gapped up before the market opened on Monday . The stock had previously closed at $11.04, but opened at $11.37. Nikon shares last traded at $11.37, with a volume of 300 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Nikon from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Nikon Stock Down 1.7%

The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 61.72 and a beta of 0.52. The business’s 50-day moving average is $11.52 and its 200-day moving average is $10.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.89.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). Nikon had a return on equity of 1.33% and a net margin of 1.25%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.03 billion. On average, equities analysts predict that Nikon Corp. will post 0.44 EPS for the current year.

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.