Nikon (OTCMKTS:NINOY) Shares Cross Below 50 Day Moving Average – Time to 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 trading hands.

Nikon Trading Down 0.6 %

The company has a 50-day simple moving average of $10.54 and a 200-day simple moving average of $10.93. 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 has a market cap of $3.50 billion, a P/E ratio of 38.85 and a beta of 0.54.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.18). Nikon had a net margin of 1.98% and a return on equity of 2.01%. On average, sell-side analysts forecast that Nikon Co. will post 0.44 EPS 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.