Nikon (OTCMKTS:NINOY) Shares Gap Up – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.12, but opened at $11.55. Nikon shares last traded at $11.9445, with a volume of 401 shares.

Analysts Set New Price Targets

Several research analysts have commented on NINOY shares. Jefferies Financial Group lowered Nikon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. 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 company’s stock. Based on data from MarketBeat.com, Nikon presently has a consensus rating of “Reduce”.

Nikon Price Performance

The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.85 billion, a PE ratio of 44.42 and a beta of 0.49. The company’s 50 day moving average is $11.72 and its 200-day moving average is $10.75.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Nikon had a net margin of 1.85% and a return on equity of 1.99%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, sell-side analysts predict that Nikon Corp. will post 0.44 earnings per share for the current year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.