Nikon (OTCMKTS:NINOY) Shares Gap Up – Here’s What Happened

Nikon Corp. (OTCMKTS:NINOY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $10.8590, but opened at $11.58. Nikon shares last traded at $11.2350, with a volume of 139 shares traded.

Nikon Stock Up 3.5%

The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -6.01 and a beta of 0.48. 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 business has a 50-day moving average price of $12.55 and a 200-day moving average price of $12.46.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%.The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion.

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.