Capcom (OTCMKTS:CCOEY) Shares Gap Up on Strong Earnings

Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $10.27, but opened at $11.15. Capcom shares last traded at $11.28, with a volume of 2,418 shares changing hands.

The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Capcom had a net margin of 28.16% and a return on equity of 21.84%.

Analysts Set New Price Targets

Separately, Nomura upgraded Capcom to a “buy” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Capcom Stock Performance

The firm’s fifty day moving average is $9.60 and its 200-day moving average is $10.45. The company has a current ratio of 4.59, a quick ratio of 3.50 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $11.95 billion, a PE ratio of 26.07 and a beta of 0.64.

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.