FUJIFILM (OTCMKTS:FUJIY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday.
According to Zacks, “Over the last month, Fujifilm’s shares have underperformed the industry. The company reported mixed results for third-quarter fiscal 2018. Quarterly revenues missed the Zacks Consensus Estimate by 1.7%. The company’s choppy Document Solutions business remains a major cause of concern. Moreover, restructuring expenses might weigh over near-term margins as well. Also, headwinds such as adverse foreign exchange impact or intense industry rivalry might thwart the company’s performance in the quarters ahead. Over the last 60 days, Zacks Consensus Estimate for the stock has moved south for both fiscal 2018 and 2019.”
FUJIFILM (OTCMKTS:FUJIY) opened at $40.84 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.32 and a debt-to-equity ratio of 0.18. The firm has a market cap of $17,837.27, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 2.64 and a beta of 0.32. FUJIFILM has a 12-month low of $35.25 and a 12-month high of $43.44.
FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions. The Company’s segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations. The Imaging Solutions segment consists of photo imaging, and optical device and electronic imaging products.
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