Capcom (OTCMKTS:CCOEY) Stock Price Up 8.9% After Earnings Beat

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s share price traded up 8.9% during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $12.98 and last traded at $12.59. 37,850 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 165,090 shares. The stock had previously closed at $11.56.

The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $429.66 million during the quarter, compared to analysts’ expectations of $363.65 million. Capcom had a return on equity of 21.84% and a net margin of 28.16%.

Wall Street Analyst Weigh In

Separately, Nomura raised shares of Capcom to a “buy” rating in a report on Wednesday, June 17th. One equities research 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 presently has a consensus rating of “Moderate Buy”.

Capcom Stock Up 9.4%

The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 29.42 and a beta of 0.64. The firm’s 50-day simple moving average is $9.63 and its two-hundred day simple moving average is $10.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.59 and a quick ratio of 3.50.

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.