Nikon (OTCMKTS:NINOY) Stock Price Passes Below 50-Day Moving Average of $11.62

Nikon Co. (OTCMKTS:NINOYGet Rating)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.62 and traded as low as $11.48. Nikon shares last traded at $11.68, with a volume of 1,922 shares traded.

Nikon Stock Performance

The company has a market cap of $4.42 billion, a PE ratio of 11.34, a P/E/G ratio of 1.57 and a beta of 0.46. The company has a current ratio of 2.28, a quick ratio of 1.51 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $11.13.

Nikon (OTCMKTS:NINOYGet Rating) last released its earnings results on Thursday, May 12th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.09. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.35 billion. Nikon had a net margin of 7.97% and a return on equity of 7.36%. As a group, research analysts anticipate that Nikon Co. will post 0.93 earnings per share for the current fiscal year.

Nikon Company Profile

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Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through three segments: Imaging Products Business, Precision Equipment Business, and Healthcare Business. The Imaging Products Business segment develops, manufacture, sells, and services digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

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