Capcom (OTCMKTS:CCOEY) Shares Gap Up – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $11.94, but opened at $12.5495. Capcom shares last traded at $12.61, with a volume of 13,580 shares traded.

Analyst Ratings Changes

Separately, Nomura downgraded shares of Capcom from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Capcom Trading Up 4.9%

The firm has a market cap of $13.36 billion, a PE ratio of 23.64 and a beta of 0.62. The company has a 50 day moving average price of $13.72 and a 200 day moving average price of $11.45.

Capcom (OTCMKTS:CCOEY) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). Capcom had a net margin of 29.80% and a return on equity of 25.64%. The firm had revenue of $319.98 million for the quarter, compared to analysts’ expectations of $315.41 million. As a group, equities research analysts anticipate that Capcom Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

About Capcom

Capcom Co, Ltd. is a Japanese entertainment company that develops, publishes and distributes interactive video game software for consoles, personal computers and mobile devices. The company also operates arcade and amusement-related businesses and licenses its intellectual property for merchandise, films, television productions and other media.

Capcom’s portfolio includes several internationally recognized franchises, including Resident Evil, Monster Hunter, Street Fighter, Mega Man, Devil May Cry and Ace Attorney.