Nikon (OTCMKTS:NINOY) Shares Pass Below Fifty Day Moving Average – Should You Sell?

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 changing hands.

Nikon Stock Down 0.6 %

The firm’s fifty day moving average price is $10.54 and its two-hundred day moving average price is $10.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.88 and a quick ratio of 0.96. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 38.85 and a beta of 0.54.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, February 6th. The company reported $0.06 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%. Sell-side analysts forecast that Nikon Co. will post 0.44 earnings per share for the current fiscal 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.