TOPCON (OTCMKTS:TOPCF) Trading 13% Higher - Time to Buy?

Key Points

• TOPCON's stock surged by 13% on Thursday, reaching a trading price of $22.28, with trading volume increasing 376% from the average.
• The company reported earnings of $0.34 per share for the last quarter, exceeding analyst expectations of $0.18.
• TOPCON has a market capitalization of $2.41 billion and demonstrates financial metrics such as a debt-to-equity ratio of 0.25 and a P/E ratio of -445.52.

TOPCON (OTCMKTS:TOPCF - Get Free Report) shares shot up 13% on Thursday . The stock traded as high as $22.28 and last traded at $22.28. 100 shares traded hands during mid-day trading, an increase of 376% from the average session volume of 21 shares. The stock had previously closed at $19.72.

TOPCON Stock Performance

The company's fifty day simple moving average is $21.47 and its two-hundred day simple moving average is $20.99. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -445.52 and a beta of 0.52.

About TOPCON

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.