Capcom (OTCMKTS:CCOEY) Stock Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.71 and traded as low as $13.6390. Capcom shares last traded at $13.66, with a volume of 20,374 shares.

Analyst Ratings Changes

Separately, Nomura cut Capcom from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Capcom presently has an average rating of “Hold”.

Capcom Trading Up 3.4%

The firm’s fifty day moving average price is $13.73 and its 200-day moving average price is $11.54. The company has a market cap of $15.11 billion, a P/E ratio of 25.86 and a beta of 0.68.

Capcom (OTCMKTS:CCOEY) last issued its quarterly 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 the consensus estimate of $315.41 million. Capcom had a net margin of 29.80% and a return on equity of 25.64%. As a group, research analysts forecast that Capcom Co., Ltd. will post 0.49 earnings per share for the current fiscal year.

Capcom Company Profile

Capcom Co., Ltd. is a Japanese entertainment company that develops, publishes and distributes video games. Its titles are available on console, PC and mobile platforms, and the company also operates arcade-related businesses and produces amusement equipment. Capcom’s portfolio includes well-known franchises such as Resident Evil, Monster Hunter, Street Fighter, Mega Man and Devil May Cry. The company was established in 1979 and is headquartered in Osaka, Japan. Capcom serves customers around the world through its international sales and distribution operations.