Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s Why

Nikon Corp. (OTCMKTS:NINOY) gapped down before the market opened on Thursday . The stock had previously closed at $12.85, but opened at $12.1850. Nikon shares last traded at $11.9575, with a volume of 115 shares.

Wall Street Analysts Forecast Growth

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

Nikon Stock Performance

The firm’s fifty day moving average is $12.26 and its 200-day moving average is $11.83. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.99 billion, a PE ratio of -7.09 and a beta of 0.57.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share 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 for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, research analysts anticipate that Nikon Corp. will post 0.44 earnings per share for the current year.

About Nikon

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.