Zacks Investment Research Lowers Konami (KNMCY) to Hold

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Zacks Investment Research downgraded shares of Konami (OTCMKTS:KNMCY) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Konami Corporation and its subsidiaries produce and market game software for home video game systems, character products such as playing cards, amusement arcade games, and gaming machines. They also operate health and fitness club facilities, and have a dominant market share in the Japanese market. “

Shares of KNMCY stock opened at $39.67 on Wednesday. Konami has a 12-month low of $37.66 and a 12-month high of $58.28. The company has a current ratio of 3.09, a quick ratio of 2.95 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $5.48 billion, a PE ratio of 19.74, a PEG ratio of 0.63 and a beta of 0.32.

Konami (OTCMKTS:KNMCY) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.55 earnings per share for the quarter. Konami had a return on equity of 11.98% and a net margin of 12.57%. The company had revenue of $536.05 million for the quarter. As a group, analysts predict that Konami will post 2.58 EPS for the current year.

Konami Company Profile

Konami Holdings Corporation, together with its subsidiaries, primarily engages in the digital entertainment business. It operates through four segments: Digital Entertainment, Health & Fitness, Gaming & Systems, and Pachislot & Pachinko Machines. The Digital Entertainment segment manufactures and sells digital content and related products, including mobile games, arcade games, card games, and computer and video games.

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