Nikon (OTCMKTS:NINOY) Sees Strong Trading Volume – Still a Buy?

Nikon Corp. (OTCMKTS:NINOY) shares saw strong trading volume on Friday . 10,003 shares changed hands during trading, an increase of 373% from the previous session’s volume of 2,116 shares.The stock last traded at $11.9120 and had previously closed at $11.85.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NINOY shares. Zacks Research downgraded shares of Nikon from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Jefferies Financial Group downgraded shares of Nikon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nikon has a consensus rating of “Reduce”.

Nikon Stock Up 0.3%

The stock’s fifty day simple moving average is $11.72 and its 200-day simple moving average is $10.76. The stock has a market cap of $3.96 billion, a P/E ratio of 66.00 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.98.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.15). The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.03 billion. Nikon had a return on equity of 1.34% and a net margin of 1.25%. As a group, research analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current fiscal 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.