Shares of Obic Co (OTCMKTS:OBIIF – Get Free Report) traded down 10.4% on Thursday. The stock traded as low as $35.9340 and last traded at $35.9340. 1,609 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 24,918 shares. The stock had previously closed at $40.1260.
Obic Stock Performance
The company has a market capitalization of $15.68 billion, a PE ratio of 30.98 and a beta of 0.68. The stock’s fifty day simple moving average is $32.56 and its 200-day simple moving average is $27.48.
Obic (OTCMKTS:OBIIF – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $243.48 million during the quarter, compared to the consensus estimate of $237.82 million. Obic had a net margin of 56.13% and a return on equity of 15.65%.
Obic Company Profile
Obic Co, Ltd. is a Japanese information technology company that provides business software and systems integration services. The company develops and supports enterprise systems designed to help organizations manage accounting, human resources, payroll, sales, production, inventory and other core administrative functions.
Obic’s principal software offering is the OBIC7 enterprise resource planning platform, which is tailored to the operational needs of businesses and other organizations.
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