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Nikon (OTCMKTS:NINOY) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

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Nikon Co. (OTCMKTS:NINOY - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.44 and traded as low as $9.87. Nikon shares last traded at $10.36, with a volume of 2,242 shares.

Nikon Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 1.88. The stock's 50 day simple moving average is $10.44 and its two-hundred day simple moving average is $10.91. The firm has a market capitalization of $3.81 billion, a PE ratio of 42.31 and a beta of 0.47.

Nikon (OTCMKTS:NINOY - Get Free Report) last released its 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 return on equity of 2.01% and a net margin of 1.98%. On average, sell-side analysts forecast that Nikon Co. will post 0.44 EPS for the current year.

Nikon Company Profile

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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.

Further Reading

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