Capcom (OTCMKTS:CCOEY) Shares Gap Up – Here’s What Happened

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.9256, but opened at $10.45. Capcom shares last traded at $10.4301, with a volume of 1,665 shares.

Analysts Set New Price Targets

Separately, Nomura raised shares of Capcom to a “buy” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Capcom Price Performance

The firm has a market capitalization of $11.19 billion, a P/E ratio of 24.41 and a beta of 0.64. The business has a fifty day moving average of $9.58 and a 200-day moving average of $10.51. 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 earnings results on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The business had revenue of $507.80 million during the quarter, compared to analyst estimates of $439.00 million. Capcom had a net margin of 28.16% and a return on equity of 21.84%. On average, sell-side analysts forecast that Capcom Co., Ltd. will post 0.45 EPS 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.