Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s Why

Nikon Corp. (OTCMKTS:NINOY)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $11.01, but opened at $10.62. Nikon shares last traded at $11.00, with a volume of 60 shares changing hands.

Wall Street Analysts Forecast Growth

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

Nikon Trading Up 1.3%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92. The firm has a 50 day moving average of $11.79 and a two-hundred day moving average of $12.33.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. On average, analysts expect that Nikon Corp. will post 0.61 EPS for the current fiscal 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.