Nikon (OTCMKTS:NINOY) Trading Up 8.9% – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) was up 8.9% during mid-day trading on Wednesday . The stock traded as high as $14.04 and last traded at $13.67. Approximately 352 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,431 shares. The stock had previously closed at $12.5480.

Nikon Stock Up 8.6%

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 $4.83 billion, a PE ratio of -8.68 and a beta of 0.49. The stock’s fifty day simple moving average is $12.13 and its 200-day simple moving average is $11.92.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nikon had a negative return on equity of 13.20% and a negative net margin of 12.40%.

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.