Obic (OTCMKTS:OBIIF) Shares Gap Up – Time to Buy?

Shares of Obic Co (OTCMKTS:OBIIF) gapped up before the market opened on Wednesday . The stock had previously closed at $21.11, but opened at $25.7901. Obic shares last traded at $25.7901, with a volume of 9 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Obic to a “hold” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Obic Price Performance

The stock has a market cap of $11.25 billion, a PE ratio of 22.23 and a beta of 0.66. The company has a 50 day moving average price of $23.51 and a two-hundred day moving average price of $25.39.

Obic (OTCMKTS:OBIIF) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $225.66 million during the quarter, compared to the consensus estimate of $220.63 million. Obic had a return on equity of 15.43% and a net margin of 56.13%. As a group, equities analysts predict that Obic Co will post 0.6 earnings per share for the current fiscal year.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.