Capcom (OTCMKTS:CCOEY) Shares Gap Up – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.03, but opened at $10.58. Capcom shares last traded at $10.68, with a volume of 35,393 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Capcom to a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Capcom Trading Up 6.8%

The company has a current ratio of 5.80, a quick ratio of 3.93 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $11.54 and a 200-day moving average of $12.80. The firm has a market capitalization of $11.42 billion, a P/E ratio of 21.00 and a beta of 0.71.

Capcom (OTCMKTS:CCOEY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Capcom had a net margin of 32.82% and a return on equity of 27.08%. The firm had revenue of $221.79 million for the quarter, compared to analyst estimates of $223.38 million. Analysts anticipate that Capcom Co., Ltd. will post 0.4 EPS for the current fiscal year.

About Capcom

Capcom Co, Ltd. is a Japanese video game developer and publisher headquartered in Osaka. Founded in 1979 by Kenzo Tsujimoto, the company has grown into a leading global entertainment brand, creating interactive software and associated licensing businesses. Capcom operates through a network of subsidiaries and distribution partners across North America, Europe and Asia, serving both console and PC markets as well as the expanding digital download sector.

The core of Capcom’s business lies in the development, publishing and licensing of video game titles.