Nikon (OTCMKTS:NINOY) Announces Earnings Results

Nikon (OTCMKTS:NINOY) announced its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.21, Zacks reports. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion.

Nikon Stock Performance

Nikon stock traded down $0.21 during mid-day trading on Friday, hitting $9.95. 3,844 shares of the company’s stock traded hands, compared to its average volume of 3,697. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.28 billion, a PE ratio of -5.32 and a beta of 0.56. Nikon has a one year low of $9.50 and a one year high of $15.00. The firm has a 50 day moving average price of $11.46 and a 200 day moving average price of $12.26.

Analyst Ratings Changes

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

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.