OBIC (OTCMKTS:OBIIF) Shares Gap Down - What's Next?

Key Points

• Obic Co. (OTCMKTS:OBIIF) experienced a significant drop in its stock price, gapping down from a previous close of $36.94 to an opening price of $34.32, marking a decline of 7.1%.
• The company reported earnings of $0.31 per share for the last quarter, surpassing analysts' expectations of $0.28, alongside revenues of $225.04 million compared to projections of $217.16 million.
• Obic offers a range of services including system integration, office automation, and package software, focusing on developing ERP software products for administrative systems.

Shares of OBIC CO (OTCMKTS:OBIIF - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $36.94, but opened at $34.32. OBIC shares last traded at $34.32, with a volume of 40 shares changing hands.

OBIC Price Performance

The firm has a market capitalization of $15.10 billion, a PE ratio of 37.71 and a beta of 0.65. The company's 50-day simple moving average is $35.70 and its 200 day simple moving average is $33.21.

OBIC (OTCMKTS:OBIIF - Get Free Report) last released 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 firm had revenue of $225.04 million for the quarter, compared to analysts' expectations 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.