Fujifilm (OTCMKTS:FUJIY) Shares Gap Down – What’s Next?

Fujifilm Holdings Corp. (OTCMKTS:FUJIY) shares gapped down prior to trading 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 traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Fujifilm Stock Down 2.1%

The company has a 50-day moving average of $10.83 and a 200-day moving average of $11.23. The company has a market capitalization of $26.52 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. 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 posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.58. Fujifilm had a net margin of 8.31% and a return on equity of 7.89%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.31 billion. On average, equities analysts predict that Fujifilm Holdings Corp. will post 0.66 earnings per share for the current fiscal 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.