Obic (OTCMKTS:OBIIF) Shares Gap Up – Still a Buy?

Obic Co (OTCMKTS:OBIIF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $21.11, but opened at $25.7901. Obic shares last traded at $25.7901, with a volume of 9 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Obic to a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Obic Stock Performance

The stock has a market capitalization of $12.40 billion, a PE ratio of 24.49 and a beta of 0.66. The stock has a 50 day moving average price of $23.57 and a 200-day moving average price of $25.32.

Obic (OTCMKTS:OBIIF) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $225.66 million during the quarter, compared to analysts’ expectations of $220.63 million. Obic had a return on equity of 15.43% and a net margin of 56.13%. Research analysts forecast that Obic Co will post 0.6 earnings per share for the current year.

About Obic

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.