Obic (OTCMKTS:OBIIF) Shares Gap Up After Earnings Beat

Obic Co (OTCMKTS:OBIIF) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $22.4790, but opened at $25.32. Obic shares last traded at $25.32, with a volume of 100,000 shares changing hands.

The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $225.66 million for the quarter, compared to analyst estimates of $220.63 million. Obic had a net margin of 55.67% and a return on equity of 15.43%.

Wall Street Analyst Weigh In

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

Obic Stock Up 19.9%

The firm has a 50-day moving average of $23.57 and a 200 day moving average of $25.83. The stock has a market capitalization of $11.05 billion, a P/E ratio of 22.21 and a beta of 0.68.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.