Nikon (OTCMKTS:NINOY) Stock Passes Below 50-Day Moving Average of $10.34

Nikon Co. (OTCMKTS:NINOYGet Free Report)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.34 and traded as low as $10.33. Nikon shares last traded at $10.36, with a volume of 1,471 shares changing hands.

Nikon Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.09 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $10.34 and its two-hundred day moving average is $10.07. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 16.18 and a beta of 0.56.

Nikon (OTCMKTS:NINOYGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.15 EPS for the quarter. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $866.29 million. Nikon had a net margin of 4.49% and a return on equity of 4.89%. As a group, research analysts predict that Nikon Co. will post 0.74 earnings per share for the current year.

About Nikon

(Get Free Report)

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

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