Obic Co (OTCMKTS:OBIIF – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $31.32, but opened at $32.7740. Obic shares last traded at $32.8110, with a volume of 177 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised 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, the company has an average rating of “Hold”.
View Our Latest Stock Report on Obic
Obic Price Performance
Obic (OTCMKTS:OBIIF – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Obic had a net margin of 56.13% and a return on equity of 15.65%. The firm had revenue of $225.66 million during the quarter, compared to the consensus estimate of $220.63 million.
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.
Recommended Stories
- Five stocks we like better than Obic
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for Obic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Obic and related companies with MarketBeat.com's FREE daily email newsletter.
