Capcom (OTCMKTS:CCOEY) Shares Gap Up on Strong Earnings

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $10.27, but opened at $11.15. Capcom shares last traded at $11.28, with a volume of 2,418 shares changing hands.

The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. Capcom had a net margin of 28.16% and a return on equity of 21.84%.

Analyst Ratings Changes

Separately, Nomura raised Capcom to a “buy” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capcom currently has a consensus rating of “Moderate Buy”.

Capcom Trading Up 9.2%

The stock has a market cap of $11.95 billion, a PE ratio of 26.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.50 and a current ratio of 4.59. The company has a 50 day moving average of $9.60 and a two-hundred day moving average of $10.45.

Capcom Company Profile

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.