Capcom (OTCMKTS:CCOEY) Shares Gap Down – What’s Next?

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) gapped down before the market opened on Thursday. The stock had previously closed at $12.85, but opened at $11.6201. Capcom shares last traded at $12.10, with a volume of 7,580 shares traded.

Wall Street Analysts Forecast Growth

Separately, Nomura cut Capcom from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Capcom Stock Performance

The business’s 50 day moving average is $13.71 and its 200 day moving average is $11.45. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 22.53 and a beta of 0.62.

Capcom (OTCMKTS:CCOEY) last announced its earnings results on Tuesday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $319.98 million for the quarter, compared to analyst estimates of $315.41 million. Capcom had a net margin of 29.80% and a return on equity of 25.64%. Research analysts expect that Capcom Co., Ltd. will post 0.48 earnings per share for the current year.

Capcom Company Profile

Capcom Co, Ltd. is a Japanese entertainment company that develops, publishes and distributes interactive video game software for consoles, personal computers and mobile devices. The company also operates arcade and amusement-related businesses and licenses its intellectual property for merchandise, films, television productions and other media.

Capcom’s portfolio includes several internationally recognized franchises, including Resident Evil, Monster Hunter, Street Fighter, Mega Man, Devil May Cry and Ace Attorney.