Capcom (OTCMKTS:CCOEY) Share Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Shares of Capcom Co., Ltd. (OTCMKTS:CCOEY) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.71 and traded as low as $13.6390. Capcom shares last traded at $13.66, with a volume of 20,374 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Nomura lowered shares of Capcom from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 7th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Capcom has an average rating of “Hold”.

Capcom Stock Performance

The firm has a market capitalization of $14.56 billion, a P/E ratio of 25.77 and a beta of 0.68. The stock has a 50-day moving average of $13.71 and a 200 day moving average of $11.52.

Capcom (OTCMKTS:CCOEY) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $319.98 million during the quarter, compared to the consensus estimate of $315.41 million. Capcom had a net margin of 29.80% and a return on equity of 25.64%. On average, equities analysts predict that Capcom Co., Ltd. will post 0.49 EPS for the current year.

Capcom Company Profile

Capcom Co., Ltd. is a Japanese entertainment company that develops, publishes and distributes video games. Its titles are available on console, PC and mobile platforms, and the company also operates arcade-related businesses and produces amusement equipment. Capcom’s portfolio includes well-known franchises such as Resident Evil, Monster Hunter, Street Fighter, Mega Man and Devil May Cry. The company was established in 1979 and is headquartered in Osaka, Japan. Capcom serves customers around the world through its international sales and distribution operations.