Shares of Obic Co (OTCMKTS:OBIIF – Get Free Report) dropped 4.6% during mid-day trading on Wednesday. The stock traded as low as $38.8090 and last traded at $38.8090. Approximately 25 shares traded hands during trading, a decline of 100% from the average daily volume of 22,389 shares. The stock had previously closed at $40.6720.
Obic Trading Down 0.3%
The business has a fifty day moving average price of $34.75 and a 200-day moving average price of $27.85. The stock has a market capitalization of $16.37 billion, a PE ratio of 31.26 and a beta of 0.70.
Obic (OTCMKTS:OBIIF – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $243.48 million for the quarter, compared to analysts’ expectations of $237.82 million. Obic had a return on equity of 16.24% and a net margin of 56.93%.
About Obic
Obic Co., Ltd. is a Japanese information technology company that provides business software and systems integration services. Founded in 1968, the company is headquartered in Tokyo and primarily serves businesses in Japan. Its offerings include OBIC7, an integrated enterprise software suite designed to support functions such as accounting, human resources, sales management and production management. Obic also provides consulting, system planning and development, implementation, and ongoing operational support.
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