Nikon (OTCMKTS:NINOY) Trading 4.5% Higher - Here's What Happened

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)'s stock price traded up 4.5% on Thursday . The company traded as high as $9.92 and last traded at $9.92. 273 shares changed 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 business has a 50 day moving average of $9.84 and a 200 day moving average of $10.06. The company has a market cap of $3.22 billion, a PE ratio of 37.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.03 and a quick ratio of 1.02.

Nikon (OTCMKTS:NINOY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. Nikon had a return on equity of 2.00% 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. As a group, research analysts predict that Nikon Corp. will post 0.44 EPS for the current 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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