OBIC (OTCMKTS:OBIIF) Sees Strong Trading Volume - What's Next?

Key Points

• OBIC CO (OTCMKTS:OBIIF) experienced a significant trading volume increase of 20,823%, with 86,831 shares changing hands compared to just 415 shares the previous session.
• The company's stock price rose 3.1%, closing at $36.94, up from a previous close of $35.84.
• OBIC reported earnings of $0.31 EPS for the quarter, exceeding analyst expectations of $0.28, with revenues totaling $225.04 million - beating estimates of $217.16 million.

Shares of OBIC CO (OTCMKTS:OBIIF - Get Free Report) saw an uptick in trading volume on Thursday . 86,831 shares traded hands during trading, an increase of 20,823% from the previous session's volume of 415 shares.The stock last traded at $36.94 and had previously closed at $35.84.

OBIC Price Performance

The firm has a market cap of $15.10 billion, a P/E ratio of 37.71 and a beta of 0.65. The stock's 50-day simple moving average is $35.95 and its two-hundred day simple moving average is $33.16.

OBIC (OTCMKTS:OBIIF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The company had revenue of $225.04 million during the quarter, compared to the consensus estimate of $217.16 million.

About OBIC

OBIC Co,Ltd., together with its subsidiaries, provides system integration, system support, office automation, and package software services. It offers system integration services, including developing ERP software products to provide integrated administrative systems comprising personnel, payroll, working condition management, marketing, and production systems, as well as related training courses.