Capcom (OTCMKTS:CCOEY) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.58 and traded as low as $11.11. Capcom shares last traded at $11.39, with a volume of 133,089 shares.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Capcom to a “hold” rating in a research report on Wednesday, November 5th. 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 has a consensus rating of “Moderate Buy”.

Capcom Stock Performance

The stock’s fifty day simple moving average is $12.58 and its two-hundred day simple moving average is $13.79. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 23.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.93 and a current ratio of 5.80.

Capcom (OTCMKTS:CCOEY) last issued its earnings results on Wednesday, October 29th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Capcom had a return on equity of 26.74% and a net margin of 31.30%.The business had revenue of $234.30 million for the quarter, compared to analyst estimates of $257.09 million. Equities research analysts anticipate that Capcom Co., Ltd. will post 0.4 EPS for the current 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.