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

Obayashi Corporation (OTCMKTS:OBYCF) gapped up before the market opened on Friday . The stock had previously closed at $21.20, but opened at $22.25. Obayashi shares last traded at $22.25, with a volume of 152 shares trading hands.

Obayashi Stock Performance

The company’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $16.74. 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 firm has a market capitalization of $14.65 billion, a PE ratio of 12.77 and a beta of 0.24.

Obayashi (OTCMKTS:OBYCF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. The firm had revenue of $4.31 billion during 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%.

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.