Nikon (OTCMKTS:NINOY) Sees Large Volume Increase - Here's What Happened

Key Points

• Nikon Corp. experienced a significant increase in trading volume, with 4,500 shares traded, marking a 143% rise from the previous day's volume of 1,855 shares.
• Jefferies Financial Group downgraded Nikon's stock from a "strong-buy" to a "hold" rating, aligning with the current consensus rating of "Hold."
• Nikon reported an earnings per share (EPS) of $0.20 for the last quarter, beating estimates by $0.15, while revenue was slightly below expectations at $1.07 billion.

Shares of Nikon Corp. (OTCMKTS:NINOY - Get Free Report) saw an uptick in trading volume on Tuesday . 4,500 shares traded hands during mid-day trading, an increase of 143% from the previous session's volume of 1,855 shares.The stock last traded at $11.50 and had previously closed at $11.36.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut Nikon from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Nikon Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.98. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.22. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 44.23 and a beta of 0.56.

Nikon (OTCMKTS:NINOY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Nikon had a return on equity of 1.99% and a net margin of 1.85%. Equities research analysts predict that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

About Nikon

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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