Capcom (OTCMKTS:CCOEY) Shares Gap Down – Here’s Why

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped down before the market opened on Friday . The stock had previously closed at $10.52, but opened at $9.94. Capcom shares last traded at $9.92, with a volume of 70,514 shares trading hands.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Capcom to a “hold” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Capcom Price Performance

The firm has a market cap of $10.70 billion, a P/E ratio of 19.69 and a beta of 0.71. The business’s fifty day simple moving average is $11.47 and its 200-day simple moving average is $12.74. The company has a current ratio of 8.64, a quick ratio of 3.93 and a debt-to-equity ratio of 0.01.

Capcom (OTCMKTS:CCOEY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $221.79 million during the quarter, compared to analysts’ expectations of $223.38 million. Capcom had a return on equity of 26.93% and a net margin of 32.82%. As a group, analysts forecast that Capcom Co., Ltd. will post 0.4 EPS for the current fiscal year.

Capcom Company Profile

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.