Obic (OTCMKTS:OBIIF – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. Obic had a return on equity of 15.43% and a net margin of 55.67%.
Obic Price Performance
Obic stock opened at $21.11 on Wednesday. Obic has a 1 year low of $21.11 and a 1 year high of $28.52. The firm’s 50 day moving average price is $23.60 and its 200-day moving average price is $25.87. The stock has a market cap of $9.21 billion, a P/E ratio of 18.52 and a beta of 0.68.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Obic to a “hold” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Obic currently has an average rating of “Hold”.
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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