Capcom (OTCMKTS:CCOEY) Stock Price Breaks Below 50 Day Moving Average – Time to Sell?

Capcom Co., Ltd. (OTCMKTS:CCOEY – Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $13.71 and traded as low as $13.6390. Capcom shares last traded at $13.66, with a volume of 20,374 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Nomura cut shares of Capcom from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Capcom has an average rating of “Hold”.

Read Our Latest Research Report on CCOEY

Capcom Stock Down 0.8%

The business’s fifty day moving average is $13.71 and its two-hundred day moving average is $11.52. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 25.77 and a beta of 0.68.

Capcom (OTCMKTS:CCOEY – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). Capcom had a return on equity of 25.64% and a net margin of 29.80%. The firm had revenue of $319.98 million for the quarter, compared to analyst estimates of $315.41 million. Research analysts forecast that Capcom Co., Ltd. will post 0.49 EPS for the current year.

Capcom Company Profile

(Get Free Report)

Capcom Co., Ltd. is a Japanese entertainment company that develops, publishes and distributes video games. Its titles are available on console, PC and mobile platforms, and the company also operates arcade-related businesses and produces amusement equipment. Capcom’s portfolio includes well-known franchises such as Resident Evil, Monster Hunter, Street Fighter, Mega Man and Devil May Cry. The company was established in 1979 and is headquartered in Osaka, Japan. Capcom serves customers around the world through its international sales and distribution operations.

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