Obic Co (OTCMKTS:OBIIF – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $31.12, but opened at $30.2190. Obic shares last traded at $33.7310, with a volume of 372 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Obic to a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Research Report on Obic
Obic Stock Up 8.4%
Obic (OTCMKTS:OBIIF – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $225.66 million during the quarter, compared to analyst estimates of $220.63 million. Obic had a return on equity of 15.65% and a net margin of 56.13%.
About Obic
Obic Co, Ltd. is a Japanese information technology company that develops and provides enterprise software and related services. Its principal offering is the OBIC7 suite, an enterprise resource planning platform designed to help organizations manage accounting, finance, human resources, payroll and other core business functions.
In addition to software products, Obic provides implementation consulting, system integration, maintenance and customer support. The company also offers cloud-based services and business solutions intended to help companies centralize data, streamline administrative processes and improve operational efficiency.
Founded in Japan in 1968, Obic primarily serves businesses and other organizations in the Japanese market through its domestic operations and support network.
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