Capcom (OTCMKTS:CCOEY) Shares Gap Down – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price gapped down before the market opened 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.

Analyst Ratings Changes

Separately, Nomura upgraded shares of Capcom to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Capcom Stock Performance

The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 20.28 and a beta of 0.62. The business’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $10.78.

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

About Capcom

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.