Obic (OTCMKTS:OBIIF) Shares Gap Up - What's Next?

Key Points

• Obic Co shares opened at $37.83, gapping up from a previous close of $34.32, with a trading volume of 36 shares.
• The company reported $0.31 earnings per share, exceeding analyst expectations of $0.28, with quarterly revenues of $225.04 million against estimates of $217.16 million.
• Obic has a market capitalization of $16.64 billion and a price-to-earnings ratio of 37.71.

Obic Co (OTCMKTS:OBIIF - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $34.32, but opened at $37.83. Obic shares last traded at $37.83, with a volume of 36 shares.

Obic Stock Performance

The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 37.71 and a beta of 0.65. The firm has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $33.33.

Obic (OTCMKTS:OBIIF - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $225.04 million for the quarter, compared to analyst estimates of $217.16 million.

Obic Company Profile

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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