Capcom (OTCMKTS:CCOEY) Shares Gap Down – What’s Next?

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped down before the market opened on Friday. The stock had previously closed at $14.70, but opened at $13.7220. Capcom shares last traded at $13.99, with a volume of 2,730 shares trading hands.

Analyst Ratings Changes

Separately, Nomura downgraded Capcom from a “buy” rating to a “neutral” rating in a report on Wednesday, October 7th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Capcom Stock Performance

The company has a 50 day simple moving average of $13.75 and a 200 day simple moving average of $11.57. The company has a market capitalization of $14.78 billion, a PE ratio of 27.18 and a beta of 0.62.

Capcom (OTCMKTS:CCOEY) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Capcom had a return on equity of 24.90% and a net margin of 30.13%. The business had revenue of $429.66 million during the quarter, compared to analysts’ expectations of $363.65 million. As a group, equities research analysts anticipate that Capcom Co., Ltd. will post 0.48 EPS for the current year.

About Capcom

Capcom Co, Ltd. is a Japanese entertainment company that develops, publishes and distributes interactive video game software for consoles, personal computers and mobile devices. The company also operates arcade and amusement-related businesses and licenses its intellectual property for merchandise, films, television productions and other media.

Capcom’s portfolio includes several internationally recognized franchises, including Resident Evil, Monster Hunter, Street Fighter, Mega Man, Devil May Cry and Ace Attorney.