Obic (OTCMKTS:OBIIF) Trading Down 12.6% - Should You Sell?

Key Points

• Obic Co shares fell 12.6% during trading, closing at $35.03, with a significant increase in trading volume by 725% compared to the average.
• The company reported quarterly earnings of $0.31 EPS, exceeding analysts' expectations of $0.28 EPS as well as revenue of $225.04 million, which was above the consensus estimate.
• Obic has a market capitalization of $15.41 billion and a P/E ratio of 38.49, indicating its valuation in the market.

Shares of Obic Co (OTCMKTS:OBIIF - Get Free Report) fell 12.6% during trading on Wednesday . The stock traded as low as $35.03 and last traded at $35.03. 775 shares traded hands during mid-day trading, an increase of 725% from the average session volume of 94 shares. The stock had previously closed at $40.09.

Obic Trading Down 1.5%

The company has a 50 day moving average of $37.09 and a 200 day moving average of $31.77. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 37.91 and a beta of 0.62.

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