Nikon (OTCMKTS:NINOY) Trading 3.1% Higher - Here's Why

Nikon Co. (OTCMKTS:NINOY - Get Free Report) shares were up 3.1% on Thursday . The stock traded as high as $10.44 and last traded at $10.44. Approximately 690 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 1,959 shares. The stock had previously closed at $10.13.

Nikon Trading Down 7.0%

The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average is $9.93 and its 200-day moving average is $10.32. The company has a market cap of $3.24 billion, a PE ratio of 37.35 and a beta of 0.52.

Nikon (OTCMKTS:NINOY - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.16). Nikon had a net margin of 1.98% and a return on equity of 2.01%. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $201.19 billion. As a group, sell-side analysts anticipate that Nikon Co. will post 0.44 EPS for the current 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.