Obic (OTCMKTS:OBIIF) Upgraded at Zacks Research

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

Obic Stock Down 6.8%

Shares of Obic stock opened at $23.88 on Monday. Obic has a 12 month low of $23.88 and a 12 month high of $28.52. The stock has a market cap of $10.42 billion, a PE ratio of 20.94 and a beta of 0.65. 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 posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $221.04 million for the quarter, compared to analyst estimates of $217.38 million. Obic had a return on equity of 15.43% and a net margin of 55.67%. Analysts expect that Obic will post 0.6 EPS for the current fiscal 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.