Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume - What's Next?
Nikon Corp. (OTCMKTS:NINOY) experienced a significant increase in trading volume, with 4,550 shares traded, up 152% from the previous session. The stock is currently priced at $11.45. Analysts have downgraded Nikon from a "strong-buy" to a "hold" rating, with an average rating of "hold". The company reported $0.20 EPS for the last quarter, exceeding estimates, but revenue fell short. Nikon has a market cap of $3.86 billion and a P/E ratio of 44.54. Analysts forecast 0.44 EPS for the current fiscal year.
Shares of Nikon Corp. (OTCMKTS:NINOY - Get Free Report) saw strong trading volume on Monday . 4,550 shares changed hands during mid-day trading, an increase of 152% from the previous session's volume of 1,803 shares.The stock last traded at $11.45 and had previously closed at $11.43.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group downgraded shares of Nikon from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".
Get Our Latest Stock Analysis on Nikon
Nikon Price Performance
The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.97. The firm has a market cap of $3.86 billion, a P/E ratio of 44.54 and a beta of 0.56. The stock's 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $10.06.
Nikon (OTCMKTS:NINOY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. Equities research analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.
About Nikon
(Get Free Report)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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