Nikon (OTCMKTS:NINOY) Stock Price Down 6.7% – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY)’s stock price fell 6.7% during trading on Wednesday . The company traded as low as $11.90 and last traded at $11.90. 9 shares were traded during mid-day trading, a decline of 99% from the average session volume of 1,375 shares. The stock had previously closed at $12.75.

Analysts Set New Price Targets

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

Nikon Stock Down 5.6%

The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $12.40 and a 200-day simple moving average of $11.90. The firm has a market cap of $3.96 billion, a P/E ratio of -7.04 and a beta of 0.57.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.15 billion. On average, equities analysts anticipate 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.