Obic (OTCMKTS:OBIIF) Trading Up 10.2% - Still a Buy?

Key Points

• Obic Co (OTCMKTS:OBIIF) shares surged by 10.2% during mid-day trading, reaching a price of $37.83, although the trading volume was significantly lower than average.
• The company's market capitalization stands at $16.64 billion, with a price-to-earnings (PE) ratio of 37.71 and a beta of 0.65, indicating lower volatility.
• Obic reported positive financial results, with earnings per share of $0.31 for the last quarter, exceeding analysts' estimates of $0.28 and generating revenue of $225.04 million.

Obic Co (OTCMKTS:OBIIF - Get Free Report) shares were up 10.2% during mid-day trading on Wednesday . The stock traded as high as $37.83 and last traded at $37.83. Approximately 36 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 13,026 shares. The stock had previously closed at $34.32.

Obic Price Performance

The company has a market capitalization of $16.64 billion, a PE ratio of 37.71 and a beta of 0.65. The stock's 50 day simple moving average is $35.60 and its 200-day simple moving average is $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 (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The business had revenue of $225.04 million for the quarter, compared to analysts' expectations 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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