Obayashi (OTCMKTS:OBYCF) Sees Large Volume Increase – Time to Buy?

Shares of Obayashi Corporation (OTCMKTS:OBYCF) saw unusually-high trading volume on Friday . Approximately 13,245 shares changed hands during trading, an increase of 728% from the previous session’s volume of 1,600 shares.The stock last traded at $26.75 and had previously closed at $24.95.

Obayashi Stock Up 9.5%

The firm has a market capitalization of $18.91 billion, a P/E ratio of 16.82 and a beta of 0.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.24 and a current ratio of 1.27. The stock has a 50 day moving average of $21.84 and a 200-day moving average of $18.51.

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