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

Fujifilm Holdings Corp. (OTCMKTS:FUJIY) shares gapped down before the market opened on Friday . The stock had previously closed at $10.14, but opened at $9.35. Fujifilm shares last traded at $9.7840, with a volume of 9,455 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Fujifilm from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Fujifilm has an average rating of “Hold”.

Fujifilm Stock Down 0.8%

The business has a fifty day moving average of $10.56 and a 200 day moving average of $11.21. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. The firm has a market cap of $24.36 billion, a P/E ratio of 7.47, a P/E/G ratio of 1.86 and a beta of 0.77.

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, topping analysts’ consensus estimates of $0.17 by $0.58. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Fujifilm had a return on equity of 7.89% and a net margin of 8.31%. On average, equities research analysts predict that Fujifilm Holdings Corp. will post 0.66 EPS 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.