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Obic (OTCMKTS:OBIIF) Shares Gap Down - Should You Sell?

Obic logo with Computer and Technology background

Key Points

  • Obic Co (OTCMKTS:OBIIF) shares experienced a significant gap down, opening at $34.97 after a previous close of $37.83.
  • For the latest quarter, Obic reported earnings per share of $0.31, exceeding estimates and generating $225.04 million in revenue, higher than the anticipated $217.16 million.
  • The company has a market capitalization of $15.38 billion and a price-to-earnings ratio of 37.71, indicating its valuation amidst market fluctuations.
  • MarketBeat previews the top five stocks to own by November 1st.

Obic Co (OTCMKTS:OBIIF - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $37.83, but opened at $34.97. Obic shares last traded at $34.97, with a volume of 119 shares traded.

Obic Stock Performance

The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 37.71 and a beta of 0.65. The business has a fifty day simple moving average of $35.60 and a 200-day simple moving average of $33.36.

Obic (OTCMKTS:OBIIF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.31 earnings per share 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

(Get Free Report)

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.

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