Capcom (OTCMKTS:CCOEY) Sees Unusually-High Trading Volume – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY) shares saw strong trading volume on Friday . 428,680 shares were traded during trading, an increase of 222% from the previous session’s volume of 133,052 shares.The stock last traded at $11.90 and had previously closed at $11.0184.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Capcom to a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Capcom Stock Performance

The company has a quick ratio of 3.93, a current ratio of 5.80 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $13.11. The company has a market capitalization of $12.62 billion, a PE ratio of 24.66 and a beta of 0.70.

Capcom (OTCMKTS:CCOEY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $234.30 million during the quarter, compared to the consensus estimate of $257.09 million. Capcom had a return on equity of 26.74% and a net margin of 31.30%. On average, research analysts predict that Capcom Co., Ltd. will post 0.4 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.