Capcom (OTCMKTS:CCOEY) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.67 and traded as low as $9.77. Capcom shares last traded at $9.80, with a volume of 105,173 shares traded.

Capcom Stock Down 1.3%

The stock has a market cap of $10.45 billion, a P/E ratio of 22.79 and a beta of 0.67. The business has a 50-day simple moving average of $10.67 and a 200-day simple moving average of $11.19.

Capcom (OTCMKTS:CCOEY) last announced its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $507.80 million for the quarter, compared to the consensus estimate of $439.00 million. Capcom had a return on equity of 22.28% and a net margin of 28.16%. On average, analysts predict that Capcom Co., Ltd. will post 0.47 earnings per share for the current fiscal year.

About Capcom

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.