Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Still a Buy?

by · The Markets Daily

Obayashi Corporation (OTCMKTS:OBYCF – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $19.21, but opened at $20.4250. Obayashi shares last traded at $20.4250, with a volume of 218 shares.

Obayashi Trading Up 6.3%

The business’s 50 day simple moving average is $19.78 and its 200 day simple moving average is $22.07. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 11.04 and a beta of 0.17. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.20.

Obayashi Company Profile

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Obayashi Corporation is a leading Japan‐based general contractor specializing in large‐scale construction and civil engineering projects. The company’s core operations encompass the design, construction and maintenance of infrastructure such as roads, bridges, tunnels, railways and airports, as well as high-rise commercial and residential buildings, industrial facilities and energy plants. Obayashi also offers development planning and consulting services, leveraging in-house expertise in project management, environmental engineering and safety compliance.

Founded in 1892 and headquartered in Osaka, Obayashi has evolved from a regional builder into a global construction group.

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