Capcom (OTCMKTS:CCOEY) Shares Pass Above 50 Day Moving Average – Here’s Why

Capcom Co., Ltd. (OTCMKTS:CCOEY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.92 and traded as high as $12.80. Capcom shares last traded at $12.51, with a volume of 19,714 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of Capcom in a report on Tuesday. They set a “buy” rating for the company.

Capcom Stock Down 0.4 %

The firm has a market cap of $13.47 billion, a P/E ratio of 28.55 and a beta of 0.39. The company has a quick ratio of 4.57, a current ratio of 6.47 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $11.96 and its 200 day simple moving average is $11.37.

Capcom (OTCMKTS:CCOEY) last issued its earnings results on Wednesday, January 29th. The company reported $0.06 earnings per share (EPS) for the quarter. As a group, research analysts forecast that Capcom Co., Ltd. will post 0.4 EPS for the current fiscal year.

About Capcom

Capcom Co, Ltd. plans, develops, manufactures, sells, and distributes home video games, online games, mobile games, and arcade games in Japan and internationally. It operates through Digital Contents, Arcade Operations, Amusement Equipments, and Other Businesses segments. The Digital Contents segment develops and sells digital game content for consumer home video game platforms, as well as mobile content and PC online games.