Zacks Investment Research lowered shares of Topcon Corporation (NASDAQ:TOPCF) from a buy rating to a hold rating in a report published on Wednesday morning.

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. “

Shares of Topcon Corporation (NASDAQ:TOPCF) traded up 0.43% during trading on Wednesday, hitting $18.81. The stock had a trading volume of 700 shares. Topcon Corporation has a 12 month low of $13.37 and a 12 month high of $19.60. The company’s 50 day moving average price is $17.62 and its 200 day moving average price is $17.81. The stock has a market cap of $1.99 billion and a price-to-earnings ratio of 39.19.

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