Zacks Investment Research upgraded shares of Topcon (OTCMKTS:TOPCF) from a hold rating to a buy rating in a research note published on Thursday morning, Zacks.com reports. The firm currently has $16.00 price objective on the stock.
According to Zacks, “Topcon Corporation develops and sells positioning, eye care and smart infrastructure products. Positioning products include GNSS receivers, machine control systems, precision agriculture systems, and IT site management solutions; Eye care products comprise 3D optical coherence tomography systems, retinal cameras, ophthalmic digital image filing systems, auto refractometers/auto kerato-refractometers, slit lamps, computerized tonometers, lens edgers and meters and ophthalmic laser photocoagulators.; infrastructure products consists motorized robotic total stations, imaging stations, mobile mapping systems, 3D laser scanners, data collectors, theodolites, levels/digital levels, self-leveling construction lasers, pipe lasers and asset management systems. Topcon Corporation is headquartered in Tokyo, Japan. “
Shares of Topcon stock opened at $14.20 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.15 and a quick ratio of 1.34. The company has a 50-day moving average of $12.70 and a 200 day moving average of $12.15. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -78.88 and a beta of 1.37. Topcon has a 1 year low of $6.37 and a 1 year high of $14.20.
Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products worldwide. Its positioning products include GNSS receivers, GPS systems, machine control systems, precision agriculture systems, and asset management systems.
See Also: How the Dogs of the Dow Strategy Works
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Topcon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topcon and related companies with MarketBeat.com's FREE daily email newsletter.