Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY) saw strong trading volume on Friday . 3,814 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 2,139 shares.The stock last traded at $11.14 and had previously closed at $11.04.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group cut shares of Nikon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Zacks Research lowered Nikon from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nikon currently has an average rating of “Reduce”.

Nikon Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89. The stock has a fifty day simple moving average of $11.56 and a 200-day simple moving average of $10.94. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 61.67 and a beta of 0.52.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Nikon had a return on equity of 1.33% and a net margin of 1.25%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, equities research analysts anticipate that Nikon Corp. will post 0.44 EPS for the current year.

Nikon Company Profile

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.