Capcom (OTCMKTS:CCOEY) Shares Gap Down – Should You Sell?

Capcom Co., Ltd. (OTCMKTS:CCOEY) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.09, but opened at $8.69. Capcom shares last traded at $8.75, with a volume of 3,255 shares trading hands.

Analyst Ratings Changes

Separately, Nomura raised Capcom to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Capcom Price Performance

The stock has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.81. The stock has a market capitalization of $9.31 billion, a P/E ratio of 20.30 and a beta of 0.62.

Capcom (OTCMKTS:CCOEY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Capcom had a net margin of 28.16% and a return on equity of 22.28%. The company had revenue of $507.80 million for the quarter, compared to the consensus estimate of $439.00 million. Research analysts predict that Capcom Co., Ltd. will post 0.45 earnings per share for the current fiscal year.

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.