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

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) shares 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 traded.

Nikon Price 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 stock has a market capitalization of $3.41 billion, a PE ratio of 92.92 and a beta of 0.53. The company has a 50-day moving average of $9.87 and a 200 day moving average of $10.19.

Nikon (OTCMKTS:NINOY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.16). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $201.19 billion. Nikon had a return on equity of 0.90% and a net margin of 0.85%. Sell-side 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.

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