Capcom (OTCMKTS:CCOEY) Shares Gap Up – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $13.25, but opened at $13.92. Capcom shares last traded at $13.81, with a volume of 4,370 shares trading hands.

Analysts Set New Price Targets

Separately, Nomura lowered shares of Capcom from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Capcom Stock Down 1.3%

The stock has a market cap of $14.64 billion, a PE ratio of 25.92 and a beta of 0.68. The stock has a fifty day moving average of $13.69 and a 200-day moving average of $11.50.

Capcom (OTCMKTS:CCOEY) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $319.98 million during the quarter, compared to analysts’ expectations of $315.41 million. Capcom had a net margin of 29.80% and a return on equity of 25.64%. Equities research analysts forecast that Capcom Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Capcom Company Profile

Capcom Co., Ltd. is a Japanese entertainment company that develops, publishes and distributes video games. Its titles are available on console, PC and mobile platforms, and the company also operates arcade-related businesses and produces amusement equipment. Capcom’s portfolio includes well-known franchises such as Resident Evil, Monster Hunter, Street Fighter, Mega Man and Devil May Cry. The company was established in 1979 and is headquartered in Osaka, Japan. Capcom serves customers around the world through its international sales and distribution operations.