Obic (OTCMKTS:OBIIF) Shares Gap Down – What’s Next?

Obic Co (OTCMKTS:OBIIF)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $31.41, but opened at $30.0360. Obic shares last traded at $30.0360, with a volume of 40,201 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Obic to a “hold” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Obic Stock Performance

The business has a 50-day moving average price of $29.27 and a 200 day moving average price of $25.94. The stock has a market capitalization of $12.92 billion, a P/E ratio of 25.53 and a beta of 0.68.

Obic (OTCMKTS:OBIIF) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $225.66 million during the quarter, compared to analyst estimates of $220.63 million. Obic had a return on equity of 15.65% and a net margin of 56.13%.

Obic Company Profile

Obic Co, Ltd. is a Japanese information technology company that develops and provides enterprise business software, systems integration, and related support services. Its offerings are designed to help organizations manage core operations such as accounting, finance, sales, human resources, payroll, and production.

The company is known for its integrated “OBIC7” business software platform, which can be deployed with implementation, consulting, maintenance, and operational support services.