Nikon (OTCMKTS:NINOY) Trading Down 5.2% – Here’s What Happened

Shares of Nikon Corp. (OTCMKTS:NINOY) fell 5.2% on Friday . The company traded as low as $11.12 and last traded at $11.12. 31 shares were traded during trading, a decline of 99% from the average session volume of 2,133 shares. The stock had previously closed at $11.7250.

Analysts Set New Price Targets

NINOY has been the topic of several analyst reports. Jefferies Financial Group cut shares of Nikon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Zacks Research downgraded shares of Nikon from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Nikon presently has an average rating of “Reduce”.

Nikon Stock Performance

The firm has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $10.70. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.71 billion, a PE ratio of 42.77 and a beta of 0.49.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. On average, research analysts forecast that Nikon Corp. will post 0.44 EPS for the current fiscal 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.