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

NIKON CORP/ADR (OTCMKTS:NINOY) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered NIKON CORP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Jefferies Financial Group raised NIKON CORP/ADR from an “underperform” rating to a “hold” rating in a research report on Tuesday, September 25th.

Shares of NIKON CORP/ADR stock opened at $15.47 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.55 and a beta of 0.46. NIKON CORP/ADR has a 12 month low of $13.86 and a 12 month high of $20.79.



NIKON CORP/ADR (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. NIKON CORP/ADR had a return on equity of 7.55% and a net margin of 6.00%. Sell-side analysts anticipate that NIKON CORP/ADR will post 1.26 EPS for the current 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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