Capcom Co., Ltd. (OTCMKTS:CCOEY – Get Free Report) was up 8.9% on Wednesday following a better than expected earnings announcement. The stock traded as high as $12.98 and last traded at $12.59. 37,850 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 165,090 shares. The stock had previously closed at $11.56.
The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. Capcom had a return on equity of 21.84% and a net margin of 28.16%.The firm had revenue of $429.66 million during the quarter, compared to analysts’ expectations of $363.65 million.
Analyst Ratings Changes
Separately, Nomura upgraded shares of Capcom to a “buy” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Capcom presently has a consensus rating of “Moderate Buy”.
Capcom Stock Performance
The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 29.42 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.59 and a quick ratio of 3.50. The stock has a 50 day simple moving average of $9.63 and a two-hundred day simple moving average of $10.45.
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.
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