Obic Co (OTCMKTS:OBIIF – Get Free Report) was down 7.3% on Friday. The stock traded as low as $35.4620 and last traded at $35.4620. 145 shares traded hands during trading, a decline of 99% from the average daily volume of 26,724 shares. The stock had previously closed at $38.25.
Obic Stock Performance
The firm’s 50 day simple moving average is $31.77 and its 200-day simple moving average is $27.03. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 30.57 and a beta of 0.69.
Obic (OTCMKTS:OBIIF – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Obic had a return on equity of 15.65% and a net margin of 56.13%. The business had revenue of $225.66 million during the quarter, compared to analysts’ expectations of $220.63 million.
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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