Nikon (OTCMKTS:NINOY) Stock Price Up 5.8% - Time to Buy?

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.

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

Nikon Stock Up 2.7%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.02 and a current ratio of 2.03. The firm has a market cap of $3.28 billion, a PE ratio of 89.28 and a beta of 0.53. The company's 50-day simple moving average is $9.84 and its two-hundred day simple moving average is $10.12.

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 analysts' consensus estimates of $0.16 by ($0.16). The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $201.19 billion. Nikon had a net margin of 0.85% and a return on equity of 0.90%. On average, analysts predict 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.

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