Nikon (OTCMKTS:NINOY) Shares Up 5.8% - Here's Why

Key Points

• Nikon Corp. shares increased by 5.8% to $10.11, but trading volume was significantly lower at 69 shares, a drop of 96% compared to the average.
• The company reported earnings of $0.00 EPS, falling short of the $0.16 expected by analysts, along with revenues of $1.41 billion.
• Nikon has a low debt-to-equity ratio of 0.19, a quick ratio of 1.02, and a current ratio of 2.03, indicating sound financial health.

Shares of Nikon Corp. (OTCMKTS:NINOY - Get Free Report) shot up 5.8% on Monday . The company traded as high as $10.11 and last traded at $10.11. 69 shares traded hands during trading, a decline of 96% from the average session volume of 1,768 shares. The stock had previously closed at $9.56.

Nikon Price Performance

The firm has a market cap of $3.18 billion, a P/E ratio of 86.54 and a beta of 0.53. The company has a current ratio of 2.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $9.85 and a two-hundred day moving average of $10.12.

Nikon (OTCMKTS:NINOY - Get Free Report) last issued 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 firm had revenue of $1.41 billion for 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, sell-side analysts anticipate that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

About Nikon

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.