Topcon Corporation (NASDAQ:TOPCF) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Topcon Corporation (NASDAQ:TOPCF) from a buy rating to a hold rating in a report issued on Wednesday, October 4th.

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 Corporation (TOPCF) traded up 2.72% on Wednesday, hitting $20.80. 601 shares of the company’s stock traded hands. Topcon Corporation has a 12 month low of $13.37 and a 12 month high of $20.80. The stock has a market cap of $2.21 billion and a P/E ratio of 43.33. The stock has a 50 day moving average price of $18.01 and a 200-day moving average price of $17.86.

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