Obic (OTCMKTS:OBIIF) Shares Gap Down - Time to Sell?

Key Points

• Obic Co shares gapped down from a previous close of $34.71 to open at $31.78, with last traded shares at the same price and a volume of 238 shares.
• The company reported earnings of $0.31 per share, exceeding analyst expectations of $0.28, along with revenue of $225.04 million, surpassing projections of $217.16 million.
• Obic specializes in system integration and software services, including ERP software and office automation solutions for various administrative systems.

Obic Co (OTCMKTS:OBIIF - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $34.71, but opened at $31.78. Obic shares last traded at $31.78, with a volume of 238 shares trading hands.

Obic Stock Performance

The stock's 50 day moving average price is $34.99 and its 200-day moving average price is $33.85.

Obic (OTCMKTS:OBIIF - Get Free Report) last announced its 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 firm 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.

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