Capcom (OTCMKTS:CCOEY) Trading Up 7.9% on Better-Than-Expected Earnings

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s stock price was up 7.9% during mid-day trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $13.23 and last traded at $12.76. Approximately 148,910 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 167,897 shares. The stock had previously closed at $11.8250.

The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $221.79 million for the quarter, compared to analyst estimates of $223.38 million. Capcom had a return on equity of 27.08% and a net margin of 32.82%.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Capcom to a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Capcom has a consensus rating of “Moderate Buy”.

Capcom Stock Down 2.9%

The company has a quick ratio of 3.93, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $11.74 and its 200 day simple moving average is $13.02. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 24.04 and a beta of 0.70.

About Capcom

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.