NIKON CORP/ADR (NINOY) Lowered to “Strong Sell” at ValuEngine

ValuEngine lowered shares of NIKON CORP/ADR (OTCMKTS:NINOY) from a sell rating to a strong sell rating in a report released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered NIKON CORP/ADR from a hold rating to a sell rating in a research note on Friday, January 18th.

Shares of NIKON CORP/ADR stock opened at $13.93 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.90 and a debt-to-equity ratio of 0.19. NIKON CORP/ADR has a twelve month low of $13.65 and a twelve month high of $19.74. The stock has a market capitalization of $5.58 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 0.83 and a beta of 0.45.

NIKON CORP/ADR (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, February 7th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. NIKON CORP/ADR had a return on equity of 9.13% and a net margin of 7.36%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.97 billion. Analysts forecast that NIKON CORP/ADR will post 1.3 earnings per share for the current fiscal year.

About NIKON CORP/ADR

Nikon Corporation manufactures and sells optical instruments in Japan and internationally. It operates through three segments: Imaging Products Business, Precision Equipment Business, and Healthcare Business. The Imaging Products Business segment develops, manufacture, sells and service of digital cameras–interchangeable lens type, interchangeable lenses and compact digital cameras, and other products.

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