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

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped up prior to trading on Monday . The stock had previously closed at $20.15, but opened at $21.8950. Obayashi shares last traded at $21.8950, with a volume of 304 shares trading hands.

Obayashi Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.24 and a quick ratio of 1.22. The company’s 50 day simple moving average is $20.20 and its 200 day simple moving average is $22.96. The company has a market capitalization of $14.29 billion, a PE ratio of 12.10 and a beta of 0.18.

Obayashi (OTCMKTS:OBYCF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Obayashi had a return on equity of 10.31% and a net margin of 6.70%.The company had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.64 billion.

About Obayashi

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.