Nikon (OTCMKTS:NINOY) Stock Price Crosses Below 50 Day Moving Average of $9.54

Nikon Co. (OTCMKTS:NINOYGet Rating) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.54 and traded as low as $9.49. Nikon shares last traded at $9.73, with a volume of 2,977 shares trading hands.

Analyst Ratings Changes

Separately, Morgan Stanley started coverage on Nikon in a research report on Thursday, February 2nd. They set an “equal weight” rating on the stock.

Nikon Stock Performance

The company has a quick ratio of 1.41, a current ratio of 2.27 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.68 billion, a P/E ratio of 11.06, a PEG ratio of 1.77 and a beta of 0.57. The company has a 50 day moving average price of $9.54 and a 200-day moving average price of $9.55.

Nikon (OTCMKTS:NINOYGet Rating) last announced its earnings results on Thursday, February 9th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.26 by $0.15. Nikon had a return on equity of 6.55% and a net margin of 7.11%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.35 billion. Equities analysts expect that Nikon Co. will post 0.94 EPS for the current fiscal year.

Nikon Company Profile

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Nikon Corp. engages in the manufacture and sale of optical instruments. It operates through the following segments: Imaging Products, Precision Equipment, Healthcare, and Industrial Metrology and Others. The Imaging Products segment deals with the manufacture and sale of imaging products and peripherals such as digital single-lens reflex cameras, compact digital cameras, and interchangeable camera lenses.

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