Nikon (OTCMKTS:NINOY) Sees Unusually-High Trading Volume – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) saw strong trading volume on Wednesday. Approximately 4,864 shares traded hands during trading, an increase of 32% from the average daily volume of 3,683 shares. The stock last traded at $10.2750 and had previously closed at $10.66.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Nikon to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.

Nikon Price Performance

The business’s 50 day moving average is $11.46 and its two-hundred day moving average is $12.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91. The firm has a market capitalization of $3.19 billion, a PE ratio of -5.18 and a beta of 0.56.

Nikon (OTCMKTS:NINOY) last posted its 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. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. Equities research analysts anticipate that Nikon Corp. will post 0.61 earnings per share for the current fiscal year.

Nikon Company Profile

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.