Nikon (OTCMKTS:NINOY) Shares Gap Up – Should You Buy?

Nikon Corp. (OTCMKTS:NINOY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.64, but opened at $12.5250. Nikon shares last traded at $12.5250, with a volume of 21 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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, the stock presently has an average rating of “Hold”.

Nikon Price Performance

The company has a 50-day moving average of $12.39 and a 200-day moving average of $11.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.78. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -7.46 and a beta of 0.57.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) EPS for the quarter, missing the consensus estimate of $0.16 by ($1.99). Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%.The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, equities research analysts predict that Nikon Corp. will post 0.44 earnings per share 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.