Fujifilm (OTCMKTS:FUJIY) Shares Gap Down – Here’s What Happened

Fujifilm Holdings Corp. (OTCMKTS:FUJIY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.89, but opened at $10.55. Fujifilm shares last traded at $10.66, with a volume of 31,073 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Fujifilm from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Fujifilm Stock Performance

The firm has a market cap of $26.52 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. The business’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $11.23. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16.

Fujifilm (OTCMKTS:FUJIY) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.58. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Fujifilm had a net margin of 8.31% and a return on equity of 7.89%. As a group, sell-side analysts expect that Fujifilm Holdings Corp. will post 0.66 earnings per share for the current year.

About Fujifilm

Fujifilm (OTCMKTS:FUJIY) is a Tokyo-based multinational conglomerate originally founded in 1934 as Fuji Photo Film Co, Ltd. Over the decades the company has evolved from a photographic film manufacturer into a diversified technology group operating across imaging, information, highly functional materials and healthcare. Fujifilm Holdings Corporation serves customers worldwide with a combination of hardware, consumables, software and services.

The company’s product and service portfolio spans consumer and professional imaging products, commercial and industrial printing systems, and office document solutions including printers and copiers.