Topcon (OTCMKTS:TOPCF) Upgraded to Buy at Zacks Investment Research

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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, 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 (OTCMKTS:TOPCF) last issued its quarterly earnings results on Friday, January 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The company had revenue of $323.61 million during the quarter, compared to analyst estimates of $283.81 million. Topcon had a negative net margin of 1.56% and a negative return on equity of 3.70%. On average, equities analysts anticipate that Topcon will post 0.05 EPS for the current year.

About Topcon

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.

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