Capcom (OTCMKTS:CCOEY) Trading 7.9% Higher – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY) shares shot up 7.9% during mid-day trading on Tuesday . The stock traded as high as $13.23 and last traded at $12.76. 148,910 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 167,897 shares. The stock had previously closed at $11.8250.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Capcom to a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Capcom has a consensus rating of “Moderate Buy”.

Capcom Trading Up 8.6%

The company has a quick ratio of 3.93, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.69 billion, a P/E ratio of 26.75 and a beta of 0.70. The firm’s 50-day moving average price is $11.71 and its 200 day moving average price is $13.04.

Capcom (OTCMKTS:CCOEY) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.09 earnings per share (EPS) for the quarter. Capcom had a return on equity of 26.74% and a net margin of 31.30%. As a group, equities research analysts predict that Capcom Co., Ltd. will post 0.4 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.