Nikon (OTCMKTS:NINOY) Sets New 52-Week High – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.00 and last traded at $12.74, with a volume of 2169 shares trading hands. The stock had previously closed at $12.71.

Analyst Ratings Changes

Separately, Zacks Research upgraded Nikon from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nikon Price Performance

The stock has a market capitalization of $4.19 billion, a P/E ratio of 70.78 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89. The company’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $11.29.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.15). The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.03 billion. Nikon had a return on equity of 1.33% and a net margin of 1.25%. As a group, sell-side analysts expect that Nikon Corp. will post 0.44 EPS for the current fiscal year.

About Nikon

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.