Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Nikon experienced an **unusually strong trading volume** on Monday with approximately 30,060 shares exchanged, a **1,465% increase** from the previous session's volume.
• Jefferies Financial Group **downgraded Nikon's rating** from "strong-buy" to "hold", reflecting a consensus rating of "hold" among analysts.
• The company reported **earnings of $0.20 per share**, exceeding estimates, while its quarterly revenue was slightly below expectations at **$1.07 billion**.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 30,060 shares were traded during mid-day trading, an increase of 1,465% from the previous session's volume of 1,921 shares.The stock last traded at $12.01 and had previously closed at $11.92.

Analyst Upgrades and Downgrades

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

Nikon Price Performance

The firm's 50-day moving average is $11.27 and its two-hundred day moving average is $10.35. The company has a market cap of $4.05 billion, a P/E ratio of 46.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.97.

Nikon (OTCMKTS:NINOY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.10 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. Analysts anticipate that Nikon Corp. will post 0.44 earnings per share for the current 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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