Obic (OTCMKTS:OBIIF) Shares Gap Up – Still a Buy?

Obic Co (OTCMKTS:OBIIF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $28.50, but opened at $33.9180. Obic shares last traded at $33.00, with a volume of 993,487 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Obic to a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Obic Trading Up 7.3%

The stock’s fifty day moving average price is $25.22 and its 200 day moving average price is $24.98. The stock has a market cap of $14.90 billion, a P/E ratio of 29.43 and a beta of 0.68.

Obic (OTCMKTS:OBIIF) last posted its quarterly earnings data 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. The firm had revenue of $225.66 million during the quarter, compared to analysts’ expectations of $220.63 million. Obic had a return on equity of 15.65% and a net margin of 56.13%.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.