Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Here’s Why
by Danessa Lincoln · The Markets DailyShares of Obayashi Corporation (OTCMKTS:OBYCF – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $19.35, but opened at $22.94. Obayashi shares last traded at $22.94, with a volume of 505 shares trading hands.
Obayashi Price Performance
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24. The company has a fifty day moving average of $22.24 and a two-hundred day moving average of $23.12. The company has a market cap of $14.14 billion, a PE ratio of 11.98 and a beta of 0.16.
Obayashi (OTCMKTS:OBYCF – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). Obayashi had a net margin of 6.70% and a return on equity of 10.48%. The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.64 billion.
Obayashi Company Profile
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.