Nikon (OTCMKTS:NINOY) Shares Climb 3.3% – What’s Next?

Nikon Corp. (OTCMKTS:NINOY)’s share price shot up 3.3% during mid-day trading on Wednesday. The stock traded as high as $11.50 and last traded at $11.50. Approximately 88 shares were traded during trading, a decline of 98% from the average daily volume of 4,022 shares. The stock had previously closed at $11.13.

Nikon Stock Up 5.2%

The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -6.24 and a beta of 0.48. The business’s 50-day moving average is $12.19 and its two-hundred day moving average is $12.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion.

About Nikon

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.