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Nikon (OTCMKTS:NINOY) Shares Down 4.7% - Here's Why

Nikon logo with Computer and Technology background

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.
  • Five stocks to consider instead of Nikon.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report)'s stock price was down 4.7% during trading on Wednesday . The company traded as low as $9.50 and last traded at $9.50. Approximately 84 shares changed hands during trading, a decline of 95% from the average daily volume of 1,666 shares. The stock had previously closed at $9.97.

Nikon Stock Performance

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 firm has a 50-day moving average price of $9.82 and a 200 day moving average price of $10.03. The firm has a market capitalization of $3.19 billion, a PE ratio of 36.81 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 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 2.00% and a net margin of 1.85%. Research analysts expect that Nikon Corp. will post 0.44 earnings per share for the current year.

About Nikon

(Get Free Report)

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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