Zacks Research Upgrades Obic (OTCMKTS:OBIIF) to Hold

Obic (OTCMKTS:OBIIF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Obic Trading Down 6.8%

Shares of OTCMKTS:OBIIF opened at $23.88 on Monday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 20.94 and a beta of 0.65. Obic has a 1 year low of $23.88 and a 1 year high of $28.52. The business has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $27.73.

Obic (OTCMKTS:OBIIF) last issued its earnings results on Tuesday, April 21st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Obic had a return on equity of 15.43% and a net margin of 55.67%.The firm had revenue of $221.04 million for the quarter, compared to the consensus estimate of $217.38 million. On average, sell-side analysts forecast that Obic will post 0.6 EPS for the current year.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.