Capcom (OTCMKTS:CCOEY) Stock Falls 7.7% on Disappointing Earnings

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s stock price traded down 7.7% on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $12.36 and last traded at $12.66. Approximately 34,563 shares traded hands during trading, a decline of 72% from the average daily volume of 125,674 shares. The stock had previously closed at $13.7090.

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 30.13% and a return on equity of 24.90%. The business had revenue of $319.98 million during the quarter, compared to the consensus estimate of $315.41 million.

Wall Street Analysts Forecast Growth

Separately, Nomura cut Capcom from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Capcom Price Performance

The firm’s fifty day moving average price is $13.74 and its 200-day moving average price is $11.45. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 23.78 and a beta of 0.62.

Capcom Company Profile

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.