Nikon (OTCMKTS:NINOY) Shares Gap Down - Time to Sell?

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $11.87, but opened at $11.20. Nikon shares last traded at $11.82, with a volume of 326 shares changing hands.Wall Street Analysts Forecast GrowthNINOY has been the subject of a number of research reports. Jefferies Financial Group cut Nikon from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Zacks Research downgraded Nikon from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce".Check Out Our Latest Stock Report on NINOYNikon Stock Down 2.4%The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 44.54 and a beta of 0.49. The business's fifty day moving average price is $11.74 and its 200 day moving average price is $10.74. The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Nikon (OTCMKTS:NINOY - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.15). Nikon had a net margin of 1.85% and a return on equity of 1.99%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, equities analysts expect that Nikon Corp. will post 0.44 EPS for the current year. About Nikon (Get Free Report)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.Featured StoriesFive stocks we like better than NikonHow to start investing in penny stocksHere's Who Wins If Trump's 50-Year Mortgages Come to MarketStock Market Upgrades: What Are They?NVIDIA’s $2B Power Play: Securing the Future of Chip DesignWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Insiders Swarm Vertical Aerospace Stock Ahead of Make-or-Break RevealThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Nikon Right Now?Before you consider Nikon, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nikon wasn't on the list.While Nikon currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here