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

Nikon Corp. (OTCMKTS:NINOY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.22, but opened at $9.86. Nikon shares last traded at $10.03, with a volume of 427 shares trading hands.

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 company has a market cap of $3.32 billion, a P/E ratio of 90.36 and a beta of 0.53. The business has a fifty day moving average of $9.89 and a 200 day moving average of $10.19.

Nikon (OTCMKTS:NINOY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.16). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $201.19 billion. Nikon had a return on equity of 0.90% and a net margin of 0.85%. On average, equities analysts predict that Nikon Corp. will post 0.44 EPS for the current 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.