Zacks Investment Research Downgrades Topcon (OTCMKTS:TOPCF) to Hold

Zacks Investment Research downgraded shares of Topcon (OTCMKTS:TOPCF) from a buy rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

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. “

Topcon stock opened at $16.43 on Wednesday. Topcon has a 1-year low of $11.57 and a 1-year high of $19.12. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.85 and a beta of 1.32. The company has a current ratio of 2.08, a quick ratio of 1.42 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $17.43 and a 200 day simple moving average of $16.18.

Topcon Company Profile

Topcon Corp. engages in the manufacture and sale of optical and digital technological products. It operates through the following business segments: Smart Infrastructure, Positioning Company, Eye Care, and Others. The Smart Infrastructure segment provides positioning and surveying instruments including Total station, Layout navigator, Mobile mapping, 3D Laser scanner, Field controller, Level, Theodolite, Rotating laser, and Pipe laser.

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