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

Shares of Obayashi Corporation (OTCMKTS:OBYCFGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $24.01, but opened at $22.09. Obayashi shares last traded at $22.09, with a volume of 436 shares trading hands.

Obayashi Stock Performance

The firm has a market cap of $15.62 billion, a price-to-earnings ratio of 12.84 and a beta of 0.28. The stock has a 50 day moving average of $25.49 and a 200 day moving average of $21.47. 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:OBYCFGet Free Report) last released its earnings results on Monday, February 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.11. Obayashi had a return on equity of 9.60% and a net margin of 7.06%.The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.06 billion.

Obayashi Company Profile

(Get Free Report)

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.

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