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

Shares of Nikon Corp. (OTCMKTS:NINOY) 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 trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Zacks Research lowered Nikon from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Jefferies Financial Group cut Nikon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Nikon Stock Performance

The firm has a fifty day moving average of $11.75 and a 200-day moving average of $10.73. 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 firm has a market cap of $3.96 billion, a P/E ratio of 45.71 and a beta of 0.49.

Nikon (OTCMKTS:NINOY) last released 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). Nikon had a net margin of 1.85% and a return on equity of 1.99%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.03 billion. Research analysts predict that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

Nikon Company Profile

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.