Capcom (OTCMKTS:CCOEY) Shares Gap Down – Should You Sell?

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped down prior to trading on Thursday . The stock had previously closed at $9.09, but opened at $8.69. Capcom shares last traded at $8.75, with a volume of 3,255 shares traded.

Wall Street Analysts Forecast Growth

Separately, Nomura upgraded Capcom to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Capcom Price Performance

The firm has a market cap of $9.31 billion, a P/E ratio of 20.30 and a beta of 0.62. The stock has a 50 day moving average of $10.14 and a 200 day moving average of $10.81.

Capcom (OTCMKTS:CCOEY) last released its earnings results on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The firm had revenue of $507.80 million during the quarter, compared to the consensus estimate of $439.00 million. Capcom had a net margin of 28.16% and a return on equity of 22.28%. On average, research analysts predict that Capcom Co., Ltd. will post 0.45 EPS for the current fiscal year.

Capcom Company Profile

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.