Capcom (OTCMKTS:CCOEY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.65 and traded as high as $10.4275. Capcom shares last traded at $10.24, with a volume of 86,999 shares changing hands.

Wall Street Analyst Weigh In

Separately, Nomura upgraded shares of Capcom to a “buy” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Capcom Trading Up 0.4%

The company has a market capitalization of $10.92 billion, a P/E ratio of 23.81 and a beta of 0.64. The company has a 50-day simple moving average of $9.65 and a 200 day simple moving average of $10.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.50 and a current ratio of 4.59.

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