Nikon (OTCMKTS:NINOY) Sees Unusually-High Trading Volume – Should You Buy?

Nikon Corp. (OTCMKTS:NINOY) saw unusually-strong trading volume on Monday . 4,220 shares traded hands during mid-day 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 Stock Down 1.9%

The business’s fifty day moving average is $12.67 and its two-hundred day moving average is $12.49. The company has a market cap of $3.63 billion, a P/E ratio of -5.90 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91.

Nikon (OTCMKTS:NINOY) last issued its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The business 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%.

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.