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

Capcom Co., Ltd. (OTCMKTS:CCOEY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.26, but opened at $9.9890. Capcom shares last traded at $10.1050, with a volume of 30,967 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Nomura raised Capcom to a “buy” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Capcom Stock Down 3.3%

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.59 and a quick ratio of 3.50. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.05 and a beta of 0.64. The firm’s 50-day simple moving average is $9.62 and its two-hundred day simple moving average is $10.54.

Capcom (OTCMKTS:CCOEY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $507.80 million for the quarter, compared to analysts’ expectations of $439.00 million. Capcom had a return on equity of 21.84% and a net margin of 28.16%. Sell-side analysts predict that Capcom Co., Ltd. will post 0.45 EPS for the current fiscal year.

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.