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.”
Shares of FUJIFILM (FUJIY) traded up $0.08 on Wednesday, hitting $40.84. The company had a trading volume of 7,500 shares, compared to its average volume of 9,263. The company has a quick ratio of 2.32, a current ratio of 2.95 and a debt-to-equity ratio of 0.18. FUJIFILM has a one year low of $35.25 and a one year high of $43.44. The company has a market capitalization of $17,837.27, a price-to-earnings ratio of 11.28, a P/E/G ratio of 2.64 and a beta of 0.32.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FUJIFILM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FUJIFILM and related companies with MarketBeat.com's FREE daily email newsletter.