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

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped up before the market opened on Tuesday. The stock had previously closed at $13.25, but opened at $13.92. Capcom shares last traded at $13.81, with a volume of 4,370 shares.

Wall Street Analyst Weigh In

Separately, Nomura lowered shares of Capcom from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Capcom Trading Down 1.3%

The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 25.92 and a beta of 0.68. The stock’s 50 day moving average is $13.69 and its 200 day moving average is $11.50.

Capcom (OTCMKTS:CCOEY) last announced its earnings results on Tuesday, October 27th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Capcom had a net margin of 29.80% and a return on equity of 25.64%. The company had revenue of $319.98 million for the quarter, compared to analyst estimates of $315.41 million. On average, sell-side analysts anticipate that Capcom Co., Ltd. will post 0.48 EPS for the current year.

Capcom Company Profile

Capcom Co., Ltd. is a Japanese entertainment company that develops, publishes and distributes video games. Its titles are available on console, PC and mobile platforms, and the company also operates arcade-related businesses and produces amusement equipment. Capcom’s portfolio includes well-known franchises such as Resident Evil, Monster Hunter, Street Fighter, Mega Man and Devil May Cry. The company was established in 1979 and is headquartered in Osaka, Japan. Capcom serves customers around the world through its international sales and distribution operations.