Nikon (OTCMKTS:NINOY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Nikon Co. (OTCMKTS:NINOYGet Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.12 and traded as low as $10.20. Nikon shares last traded at $11.00, with a volume of 142 shares.

Nikon Price Performance

The company’s 50 day simple moving average is $11.07 and its 200-day simple moving average is $10.95. The company has a current ratio of 1.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 21.15 and a beta of 0.54.

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.

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