Capcom (OTCMKTS:CCOEY) Shares Gap Down - Here's Why

Key Points

• Capcom gapped down before the open from $10.75 to $10.10 and was last trading at $10.4350, down about 3.4% on a volume of 68,054 shares.
• The company beat EPS with $0.09 versus $0.07 expected but posted revenue of $221.79M, slightly below the $223.38M consensus, while reporting a strong net margin (32.82%) and ROE (26.93%).
• Capcom has a market cap of $11.07B, a P/E of 20.37 and a beta of 0.70, trading near its 50-day SMA ($10.73) and below its 200-day SMA ($11.91).

Capcom Co., Ltd. (OTCMKTS:CCOEY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.75, but opened at $10.10. Capcom shares last traded at $10.4350, with a volume of 68,054 shares trading hands.

Capcom Trading Down 3.4%

The stock has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $11.91. The firm has a market capitalization of $11.07 billion, a P/E ratio of 20.37 and a beta of 0.70.

Capcom (OTCMKTS:CCOEY - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $221.79 million during the quarter, compared to the consensus estimate of $223.38 million. Capcom had a return on equity of 26.93% and a net margin of 32.82%. As a group, sell-side analysts expect that Capcom Co., Ltd. will post 0.4 earnings per share for the current fiscal 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.

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