Nikon (OTCMKTS:NINOY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Nikon Co. (OTCMKTS:NINOY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 Trading Down 0.6 %

The company has a quick ratio of 0.96, a current ratio of 1.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 40.23 and a beta of 0.54. The business has a 50 day moving average of $10.54 and a 200 day moving average of $10.93.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.06 EPS 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 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.