Zacks Research upgraded shares of Obic (OTCMKTS:OBIIF – Free Report) to a hold rating in a research note issued to investors on Monday,Zacks.com reports.
Obic Stock Performance
Shares of Obic stock opened at $23.88 on Monday. The company has a market capitalization of $10.42 billion, a P/E ratio of 20.94 and a beta of 0.65. The company has a fifty day moving average of $25.16 and a 200 day moving average of $27.73. Obic has a fifty-two week low of $23.88 and a fifty-two week high of $28.52.
Obic (OTCMKTS:OBIIF – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $221.04 million during the quarter, compared to the consensus estimate of $217.38 million. Obic had a net margin of 55.67% and a return on equity of 15.43%. Analysts forecast that Obic will post 0.6 EPS for the current year.
About Obic
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.
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