Capcom (OTCMKTS:CCOEY) Shares Gap Down – What’s Next?

Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped down prior to trading on Tuesday . The stock had previously closed at $9.41, but opened at $9.00. Capcom shares last traded at $9.20, with a volume of 6,118 shares traded.

Wall Street Analysts Forecast Growth

Separately, Nomura upgraded Capcom to a “buy” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Capcom Stock Up 4.2%

The firm’s 50 day simple moving average is $9.73 and its 200 day simple moving average is $10.61. The company has a quick ratio of 3.50, a current ratio of 4.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 22.30 and a beta of 0.62.

Capcom (OTCMKTS:CCOEY) last announced its quarterly 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 business 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%. Sell-side analysts anticipate that Capcom Co., Ltd. will post 0.45 EPS 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.