Obayashi (OTCMKTS:OBYCF) Sees Strong Trading Volume – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCF) saw unusually-strong trading volume on Tuesday . Approximately 5,531 shares were traded during mid-day trading, an increase of 183% from the previous session’s volume of 1,953 shares.The stock last traded at $23.19 and had previously closed at $23.10.

Obayashi Stock Performance

The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $16.45 billion, a PE ratio of 14.34 and a beta of 0.27. The firm’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $17.73.

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

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.