Nikon (OTCMKTS:NINOY) Shares Down 4.7% - Should You Sell?

Key Points

• Nikon Corp. shares dropped 4.7% during trading, with the stock last priced at $9.50, significantly lower than its previous close of $9.97.
• The company reported $0.20 earnings per share, exceeding analysts' estimates of $0.05, despite revenue falling short of expectations at $1.07 billion.
• Nikon has a market capitalization of $3.17 billion and maintains a debt-to-equity ratio of 0.19, indicating a relatively low level of debt compared to equity.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) shares fell 4.7% during trading on Wednesday . The stock traded as low as $9.50 and last traded at $9.50. 84 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,666 shares. The stock had previously closed at $9.97.

Nikon Stock Down 4.7%

The company has a quick ratio of 1.02, a current ratio of 2.03 and a debt-to-equity ratio of 0.19. The company's fifty day simple moving average is $9.85 and its 200 day simple moving average is $10.07. The firm has a market capitalization of $3.17 billion, a PE ratio of 36.54 and a beta of 0.59.

Nikon (OTCMKTS:NINOY - Get Free Report) last announced its earnings results 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. Nikon had a net margin of 1.85% and a return on equity of 2.00%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Analysts anticipate that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

Nikon Company Profile

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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