Obic (OTCMKTS:OBIIF) Shares Gap Up – Here’s What Happened

Obic Co (OTCMKTS:OBIIF) gapped up before the market opened on Monday. The stock had previously closed at $31.51, but opened at $33.3460. Obic shares last traded at $33.3460, with a volume of 14 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Obic to a “hold” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Obic Stock Performance

The stock has a market capitalization of $13.07 billion, a P/E ratio of 25.82 and a beta of 0.68. The stock’s fifty day simple moving average is $28.89 and its two-hundred day simple moving average is $25.86.

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

About Obic

Obic Co, Ltd. is a Japanese information technology company that develops and provides enterprise software and related services. Its principal offering is the OBIC7 suite, an enterprise resource planning platform designed to help organizations manage accounting, finance, human resources, payroll and other core business functions.

In addition to software products, Obic provides implementation consulting, system integration, maintenance and customer support. The company also offers cloud-based services and business solutions intended to help companies centralize data, streamline administrative processes and improve operational efficiency.

Founded in Japan in 1968, Obic primarily serves businesses and other organizations in the Japanese market through its domestic operations and support network.