Zacks Investment Research lowered shares of Konami (OTCMKTS:KNMCY) from a hold rating to a sell rating in a report issued on Thursday morning, Zacks.com reports.

According to Zacks, “Konami Corporation and its subsidiaries produce and market game software for home video game systems, character products such as playing cards, amusement arcade games, and gaming machines. They also operate health and fitness club facilities, and have a dominant market share in the Japanese market. “

Konami stock opened at $46.95 on Thursday. The firm has a market capitalization of $6.35 billion, a P/E ratio of 20.96 and a beta of 0.38. Konami has a one year low of $36.92 and a one year high of $48.33. The business has a fifty day moving average price of $46.50 and a 200-day moving average price of $45.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.93 and a quick ratio of 2.82.

Konami Company Profile

Konami Holdings Corporation, together with its subsidiaries, primarily engages in the digital entertainment business. It operates through four segments: Digital Entertainment, Health & Fitness, Gaming & Systems, and Pachislot & Pachinko Machines. The Digital Entertainment segment manufactures and sells digital content and related products, including mobile games, arcade games, card games, and computer and video games.

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