Nikon (OTCMKTS:NINOY) Shares Up 5.5% – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY)’s stock price shot up 5.5% during mid-day trading on Friday . The company traded as high as $12.45 and last traded at $12.45. 80 shares traded hands during trading, a decline of 97% from the average session volume of 2,821 shares. The stock had previously closed at $11.8025.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Nikon from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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 firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 68.67 and a beta of 0.53. The stock has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $11.16.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Nikon had a net margin of 1.25% and a return on equity of 1.33%. As a group, analysts expect 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.