Capcom (OTCMKTS:CCOEY) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.46 and traded as high as $13.45. Capcom shares last traded at $13.39, with a volume of 12,415 shares trading hands.

Analysts Set New Price Targets

Separately, Nomura raised Capcom to a “buy” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Capcom currently has an average rating of “Moderate Buy”.

Capcom Trading Up 2.0%

The company has a market capitalization of $14.41 billion, a P/E ratio of 26.51 and a beta of 0.61. The company has a 50 day moving average price of $11.55 and a 200 day moving average price of $10.74.

Capcom (OTCMKTS:CCOEY) last announced its earnings results on Tuesday, July 28th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $429.66 million during the quarter, compared to the consensus estimate of $363.65 million. Capcom had a net margin of 30.13% and a return on equity of 24.90%. As a group, sell-side analysts forecast that Capcom Co., Ltd. will post 0.48 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.