Nikon (OTCMKTS:NINOY) Sees Unusually-High Trading Volume – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) shares saw strong trading volume on Monday . 4,220 shares were traded during trading, an increase of 4% from the previous session’s volume of 4,071 shares.The stock last traded at $11.44 and had previously closed at $11.24.

Nikon Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92. The company’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $12.46. The stock has a market capitalization of $3.57 billion, a P/E ratio of -5.81 and a beta of 0.48.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.