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

Nikon Co. (OTCMKTS:NINOY - Get Free Report)'s share price 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 trading hands.

Nikon Stock Down 2.1 %

The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 38.46 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. The stock has a 50 day moving average price of $10.50 and a 200 day moving average price of $10.91.

Nikon (OTCMKTS:NINOY - Get Free Report) last posted 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%. As a group, analysts forecast that Nikon Co. will post 0.44 EPS 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.