Casio Computer (OTCMKTS:CSIOY) Trading Up 7.1% – Here’s Why

Casio Computer Co. (OTCMKTS:CSIOYGet Free Report) shares shot up 7.1% on Wednesday . The stock traded as high as $158.22 and last traded at $158.22. 64 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 188 shares. The stock had previously closed at $147.7188.

Casio Computer Stock Up 7.1%

The firm has a market cap of $3.71 billion, a P/E ratio of 23.23 and a beta of 0.32. The company’s 50-day simple moving average is $126.64 and its 200 day simple moving average is $110.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.09 and a quick ratio of 2.35.

Casio Computer (OTCMKTS:CSIOYGet Free Report) last announced its earnings results on Friday, July 31st. The technology company reported $2.58 earnings per share (EPS) for the quarter. Casio Computer had a net margin of 8.23% and a return on equity of 10.20%. The firm had revenue of $467.56 million for the quarter.

Hedge Funds Weigh In On Casio Computer

An institutional investor recently bought a new position in Casio Computer stock. Pinnacle West Asset Management Inc. bought a new stake in shares of Casio Computer Co. (OTCMKTS:CSIOYFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,115 shares of the technology company’s stock, valued at approximately $913,000.

Casio Computer Company Profile

(Get Free Report)

Casio Computer Co, Ltd. is a Japan-based multinational company specializing in the design, manufacture and sale of consumer and commercial electronics. Founded in 1957 by Tadao Kashio, the company initially gained recognition for its pioneering work in compact calculators. Over the decades, it has expanded its product portfolio to include timepieces, digital cameras, electronic musical instruments, label printers, cash registers and data loggers.

Among its most well-known offerings are the G-SHOCK and Baby-G lines of shock-resistant watches, which have become staples in both casual and professional wear.

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