Nikon (OTCMKTS:NINOY) Stock Price Up 2.3% - Here's Why

Key Points

• Nikon's stock price increased by 2.3%, trading at $9.73 during mid-day trading, despite a significant drop in trading volume.
• The company reported disappointing quarterly earnings, with $0.00 earnings per share, missing the estimate of $0.16 by $0.16.
• Nikon has a market capitalization of $3.25 billion and a P/E ratio of 88.49, indicating a potentially high valuation compared to its earnings.

Shares of Nikon Corp. (OTCMKTS:NINOY - Get Free Report) traded up 2.3% during mid-day trading on Friday . The company traded as high as $9.73 and last traded at $9.73. 126 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,031 shares. The stock had previously closed at $9.52.

Nikon Stock Up 2.3%

The firm has a market cap of $3.25 billion, a P/E ratio of 88.49 and a beta of 0.59. The firm's 50 day moving average is $9.85 and its two-hundred day moving average is $10.11. 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). The business 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%. As a group, research analysts anticipate that Nikon Corp. will post 0.44 EPS 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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