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

Nikon Corp. (OTCMKTS:NINOY) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.30, but opened at $12.08. Nikon shares last traded at $12.08, with a volume of 16 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NINOY shares. Jefferies Financial Group lowered Nikon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Zacks Research lowered Nikon from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nikon currently has a consensus rating of “Reduce”.

Nikon Trading Up 2.1%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.98. The stock has a market cap of $3.86 billion, a P/E ratio of 44.46 and a beta of 0.49. The company has a 50-day simple moving average of $11.87 and a 200-day simple moving average of $10.61.

Nikon (OTCMKTS:NINOY) last announced its earnings results 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). The business 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, sell-side 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.