Nikon Corp. (OTCMKTS:NINOY - Get Free Report) shares saw strong trading volume on Thursday . 2,217 shares changed hands during trading, an increase of 24% from the previous session's volume of 1,793 shares.The stock last traded at $12.52 and had previously closed at $12.09.
Analysts Set New Price Targets
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 company has an average rating of "Hold".
Read Our Latest Research Report on NINOY
Nikon Trading Down 2.3%
The business's 50 day simple moving average is $10.39 and its two-hundred day simple moving average is $10.17. The stock has a market cap of $4.15 billion, a P/E ratio of 47.81 and a beta of 0.57. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.
Nikon (OTCMKTS:NINOY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.10 billion. Nikon had a return on equity of 1.99% and a net margin of 1.85%. As a group, analysts expect that Nikon Corp. will post 0.44 EPS for the current year.
About Nikon
(
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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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