Nikon Corp. (OTCMKTS:NINOY – Get Free Report) shares reached a new 52-week low on Thursday. The company traded as low as $10.05 and last traded at $10.50, with a volume of 5 shares changing hands. The stock had previously closed at $10.72.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Nikon to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Research Report on NINOY
Nikon Trading Up 1.7%
The business’s 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $12.26. The stock has a market cap of $3.46 billion, a P/E ratio of -5.61 and a beta of 0.56. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21.
Nikon (OTCMKTS:NINOY – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.21. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. As a group, analysts expect that Nikon Corp. will post 0.61 EPS for the current year.
About Nikon
Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.
The company also develops precision equipment for industrial and scientific applications.
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