Nikon (OTCMKTS:NINOY) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Nikon Co. (OTCMKTS:NINOY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.54 and traded as low as $9.91. Nikon shares last traded at $10.10, with a volume of 1,313 shares traded.

Nikon Trading Down 0.6 %

The firm’s 50-day moving average price is $10.54 and its 200-day moving average price is $10.93. The company has a market cap of $3.50 billion, a P/E ratio of 38.85 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 0.12.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.18). Nikon had a return on equity of 2.01% and a net margin of 1.98%. As a group, equities research analysts expect that Nikon Co. will post 0.44 earnings per share for the current fiscal year.

About Nikon

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.