Nikon (OTCMKTS:NINOY) Shares Down 8.9% – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY)’s stock price was down 8.9% during trading on Monday . The company traded as low as $11.65 and last traded at $11.72. Approximately 118 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,614 shares. The stock had previously closed at $12.87.

Wall Street Analysts Forecast Growth

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

Nikon Trading Down 6.1%

The firm has a market cap of $3.98 billion, a PE ratio of -7.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.78 and a quick ratio of 0.83. The business has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $11.77.

Nikon (OTCMKTS:NINOY) last posted 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). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Nikon had a negative net margin of 12.31% and a negative return on equity of 13.39%. Analysts forecast that Nikon Corp. will post 0.44 EPS for the current year.

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.