Nikon (OTCMKTS:NINOY) Shares Gap Up - Time to Buy?

Shares of Nikon Corp. (OTCMKTS:NINOY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $10.04, but opened at $10.50. Nikon shares last traded at $10.22, with a volume of 318 shares trading hands.

Nikon Stock Up 1.7%

The stock has a market capitalization of $3.37 billion, a P/E ratio of 91.92 and a beta of 0.53. The firm's fifty day moving average is $9.89 and its 200-day moving average is $10.19. The company has a current ratio of 2.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19.

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