Obic (OTCMKTS:OBIIF) Issues Earnings Results

Obic (OTCMKTS:OBIIF) released its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. The company had revenue of $225.66 million during the quarter, compared to analysts’ expectations of $220.63 million. Obic had a return on equity of 15.43% and a net margin of 56.13%.

Obic Stock Performance

Shares of Obic stock opened at $25.32 on Friday. Obic has a twelve month low of $21.11 and a twelve month high of $28.52. The firm has a market capitalization of $11.05 billion, a PE ratio of 21.83 and a beta of 0.68. The firm’s 50-day moving average price is $23.56 and its 200 day moving average price is $25.78.

Analyst Ratings Changes

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, the company currently has an average rating of “Hold”.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo?based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on?premise installations or via cloud?based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision?making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.