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

Obic Co (OTCMKTS:OBIIF)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $31.94, but opened at $34.1850. Obic shares last traded at $34.1850, with a volume of 66 shares trading hands.

Analysts Set New Price Targets

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

Obic Price Performance

The firm has a 50 day moving average price of $29.74 and a 200-day moving average price of $26.12. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 29.47 and a beta of 0.69.

Obic (OTCMKTS:OBIIF) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $225.66 million for the quarter, compared to the consensus estimate of $220.63 million. Obic had a net margin of 56.13% and a return on equity of 15.65%.

About Obic

Obic Co, Ltd. is a Japanese information technology company that develops and provides enterprise business software, systems integration, and related support services. Its offerings are designed to help organizations manage core operations such as accounting, finance, sales, human resources, payroll, and production.

The company is known for its integrated “OBIC7” business software platform, which can be deployed with implementation, consulting, maintenance, and operational support services.