Obic Co (OTCMKTS:OBIIF – Get Free Report)’s stock price dropped 4.6% during mid-day trading on Wednesday. The stock traded as low as $38.8090 and last traded at $38.8090. 25 shares traded hands during trading, a decline of 100% from the average session volume of 22,389 shares. The stock had previously closed at $40.6720.
Obic Price Performance
The stock’s fifty day simple moving average is $34.45 and its 200-day simple moving average is $27.79. The firm has a market cap of $16.67 billion, a PE ratio of 31.84 and a beta of 0.70.
Obic (OTCMKTS:OBIIF – Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Obic had a net margin of 56.93% and a return on equity of 16.24%. The firm had revenue of $243.48 million during the quarter, compared to analysts’ expectations of $237.82 million.
Obic Company Profile
Obic Co., Ltd. is a Japanese information technology company that provides business software and systems integration services. Founded in 1968, the company is headquartered in Tokyo and primarily serves businesses in Japan. Its offerings include OBIC7, an integrated enterprise software suite designed to support functions such as accounting, human resources, sales management and production management. Obic also provides consulting, system planning and development, implementation, and ongoing operational support.
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