Obayashi (OTCMKTS:OBYCF) Shares Gap Down – Here’s Why

Shares of Obayashi Corporation (OTCMKTS:OBYCF) gapped down prior to trading on Tuesday . The stock had previously closed at $28.50, but opened at $26.5450. Obayashi shares last traded at $26.5450, with a volume of 243 shares trading hands.

Obayashi Stock Down 5.4%

The business’s fifty day moving average is $22.89 and its two-hundred day moving average is $19.22. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 15.26 and a beta of 0.28. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.22.

Obayashi (OTCMKTS:OBYCF) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.29 by $0.11. Obayashi had a net margin of 7.06% and a return on equity of 9.60%. The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.06 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.