Nikon (OTCMKTS:NINOY) Shares Gap Up – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) gapped up prior to trading on Wednesday. The stock had previously closed at $12.17, but opened at $12.54. Nikon shares last traded at $12.53, with a volume of 210 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nikon to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nikon presently has a consensus rating of “Hold”.

Nikon Stock Performance

The firm’s 50-day moving average price is $12.00 and its two-hundred day moving average price is $12.39. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.95 billion, a PE ratio of -6.41 and a beta of 0.52.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. As a group, research analysts predict that Nikon Corp. will post 0.61 earnings per share for the current fiscal year.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.