Obic (OTCMKTS:OBIIF) Shares Gap Up – Here’s What Happened

Obic Co (OTCMKTS:OBIIF) gapped up before the market opened on Friday. The stock had previously closed at $37.61, but opened at $39.5140. Obic shares last traded at $39.5140, with a volume of 13 shares traded.

Obic Stock Up 3.9%

The firm has a market cap of $17.00 billion, a P/E ratio of 32.47 and a beta of 0.70. The firm’s 50-day simple moving average is $34.75 and its 200 day simple moving average is $27.85.

Obic (OTCMKTS:OBIIF) last released its earnings results 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. Obic had a net margin of 56.93% and a return on equity of 16.24%. The firm had revenue of $243.48 million for the quarter, compared to analysts’ expectations of $237.82 million.

Obic Company Profile

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.