Capcom (OTCMKTS:CCOEY) Shares Gap Up – What’s Next?

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.20, but opened at $9.85. Capcom shares last traded at $9.86, with a volume of 109,922 shares changing hands.

Wall Street Analysts Forecast Growth

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

Capcom Price Performance

The stock’s 50-day moving average price is $9.73 and its 200 day moving average price is $10.61. The company has a quick ratio of 3.50, a current ratio of 4.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.14 and a beta of 0.62.

Capcom (OTCMKTS:CCOEY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Capcom had a return on equity of 21.84% and a net margin of 28.16%.The business had revenue of $507.80 million for the quarter, compared to analyst estimates of $439.00 million. Equities research analysts expect that Capcom Co., Ltd. will post 0.45 earnings per share 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.