Obic (OTCMKTS:OBIIF) Hits New 1-Year High – Still a Buy?

Shares of Obic Co (OTCMKTS:OBIIF – Get Free Report) reached a new 52-week high on Thursday. The stock traded as high as $36.2410 and last traded at $32.5690, with a volume of 1,941 shares traded. The stock had previously closed at $33.58.

Obic Price Performance

The company has a market capitalization of $15.40 billion, a PE ratio of 30.43 and a beta of 0.69. The company’s 50 day simple moving average is $31.08 and its 200 day simple moving average is $26.66.

Obic (OTCMKTS:OBIIF – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Obic had a return on equity of 15.65% and a net margin of 56.13%. The firm had revenue of $225.66 million for the quarter, compared to the consensus estimate of $220.63 million.

Obic Company Profile

(Get Free Report)

Obic Co, Ltd. is a Japanese information technology company that develops and provides enterprise business software, systems integration, and related support services. Its offerings are designed to help organizations manage core operations such as accounting, finance, sales, human resources, payroll, and production.

The company is known for its integrated “OBIC7” business software platform, which can be deployed with implementation, consulting, maintenance, and operational support services.

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