Nikon (OTCMKTS:NINOY) Stock Price Up 4.5% - What's Next?

Key Points

• Nikon's stock price increased by 4.5% on Thursday, reaching a last traded price of $9.92.
• In its latest quarterly earnings report, Nikon reported an EPS of $0.20, surpassing analysts' expectations of $0.05, despite revenue falling slightly short of estimates.
• The company has a market cap of $3.22 billion and various financial metrics indicating moderate debt and liquidity, with a debt-to-equity ratio of 0.19.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) traded up 4.5% during mid-day trading on Thursday . The stock traded as high as $9.92 and last traded at $9.92. 273 shares traded hands during trading, a decline of 83% from the average session volume of 1,647 shares. The stock had previously closed at $9.50.

Nikon Price Performance

The stock has a market capitalization of $3.27 billion, a PE ratio of 37.71 and a beta of 0.59. 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 firm's 50-day moving average price is $9.82 and its 200-day moving average price is $10.02.

Nikon (OTCMKTS:NINOY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.15. Nikon had a return on equity of 2.00% and a net margin of 1.85%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, equities analysts forecast 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.