Capcom (OTCMKTS:CCOEY) Shares Gap Down – Here’s What Happened

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.41, but opened at $9.00. Capcom shares last traded at $9.20, with a volume of 6,118 shares traded.

Analysts Set New Price Targets

Separately, Nomura upgraded Capcom to a “buy” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Capcom Price Performance

The stock’s 50 day simple moving average is $9.82 and its 200-day simple moving average is $10.65. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 21.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.50 and a current ratio of 4.59.

Capcom (OTCMKTS:CCOEY) last released its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $507.80 million during the quarter, compared to analyst estimates of $439.00 million. Capcom had a net margin of 28.16% and a return on equity of 21.84%. Equities research analysts anticipate that Capcom Co., Ltd. will post 0.45 EPS for the current fiscal year.

Capcom Company Profile

Capcom Co, Ltd. is a Japanese video game developer and publisher headquartered in Osaka. Founded in 1979 by Kenzo Tsujimoto, the company has grown into a leading global entertainment brand, creating interactive software and associated licensing businesses. Capcom operates through a network of subsidiaries and distribution partners across North America, Europe and Asia, serving both console and PC markets as well as the expanding digital download sector.

The core of Capcom’s business lies in the development, publishing and licensing of video game titles.