Olympus (OTCMKTS:OCPNY) Stock Price Passes Above 50-Day Moving Average of $21.92

Olympus Co. (OTCMKTS:OCPNYGet Rating) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.92 and traded as high as $21.99. Olympus shares last traded at $21.17, with a volume of 85,830 shares traded.

Olympus Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.48 and a current ratio of 1.99. The company has a market capitalization of $27.22 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65. The firm’s 50-day simple moving average is $21.92 and its 200-day simple moving average is $20.37.

Olympus (OTCMKTS:OCPNYGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Olympus had a net margin of 13.80% and a return on equity of 24.30%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.67 billion. Sell-side analysts forecast that Olympus Co. will post 1.36 earnings per share for the current year.

About Olympus

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Olympus Corporation manufactures and sells precision machineries and instruments worldwide. It operates through four segments: Endoscopic Solutions Business, Therapeutic Solutions Business, Scientific Solutions Business, and Others. The Endoscopic Solutions Business segment offers gastrointestinal and surgical endoscopes, endoscopy system, and repair services.

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