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

Fujifilm Holdings Corp. (OTCMKTS:FUJIY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.75, but opened at $10.0901. Fujifilm shares last traded at $10.5150, with a volume of 10,724 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Fujifilm from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Fujifilm Stock Down 2.3%

The firm has a market capitalization of $26.14 billion, a PE ratio of 8.02, a P/E/G ratio of 1.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 0.87. The company has a 50-day moving average price of $10.73 and a 200 day moving average price of $11.23.

Fujifilm (OTCMKTS:FUJIY) last issued its earnings results on Thursday, November 6th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.58. Fujifilm had a return on equity of 7.89% and a net margin of 8.31%.The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.31 billion. Analysts forecast that Fujifilm Holdings Corp. will post 0.66 earnings per share for the current year.

Fujifilm Company Profile

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.