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

Obayashi Corporation (OTCMKTS:OBYCF) gapped up prior to trading on Monday . The stock had previously closed at $21.10, but opened at $21.60. Obayashi shares last traded at $21.60, with a volume of 100 shares changing hands.

Obayashi Stock Performance

The stock has a 50 day simple moving average of $19.48 and a 200 day simple moving average of $17.09. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 13.27 and a beta of 0.24.

Obayashi (OTCMKTS:OBYCF) last announced its earnings results on Monday, November 10th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.53 billion. Obayashi had a return on equity of 9.31% and a net margin of 6.64%.

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.