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

Shares of Nikon Co. (OTCMKTS:NINOY) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.25 and traded as low as $10.08. Nikon shares last traded at $10.68, with a volume of 527 shares.

Nikon Price Performance

The company’s 50-day moving average is $10.25 and its 200-day moving average is $10.88. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 41.08 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.88 and a quick ratio of 0.96.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). Nikon had a net margin of 1.98% and a return on equity of 2.01%. On average, research analysts expect that Nikon Co. will post 0.44 earnings per share for the current 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.