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

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.26, but opened at $9.9890. Capcom shares last traded at $10.1050, with a volume of 30,967 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Nomura raised Capcom to a “buy” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Capcom Price Performance

The company’s 50-day moving average is $9.62 and its 200-day moving average is $10.54. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.59 and a quick ratio of 3.50.

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