Nikon (OTCMKTS:NINOY - Get Free Report) was downgraded by Jefferies Financial Group from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.
Nikon Stock Performance
NINOY stock traded up $0.59 during trading on Monday, reaching $11.43. 1,886 shares of the company's stock were exchanged, compared to its average volume of 2,433. The company has a quick ratio of 1.02, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. Nikon has a 1-year low of $8.50 and a 1-year high of $13.07. The company's fifty day moving average price is $10.03 and its 200-day moving average price is $10.06. The firm has a market cap of $3.81 billion, a PE ratio of 43.96 and a beta of 0.57.
Nikon (OTCMKTS:NINOY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. Nikon had a return on equity of 1.99% and a net margin of 1.85%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, research analysts expect that Nikon will post 0.44 EPS for the current fiscal year.
Nikon Company Profile
(
Get Free Report)
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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