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

Obayashi Corporation (OTCMKTS:OBYCF) gapped up prior to trading on Monday . The stock had previously closed at $20.81, but opened at $22.16. Obayashi shares last traded at $22.16, with a volume of 200 shares trading hands.

Obayashi Price Performance

The company has a fifty day moving average of $21.37 and a 200-day moving average of $23.09. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The stock has a market cap of $15.67 billion, a PE ratio of 13.27 and a beta of 0.18.

Obayashi (OTCMKTS:OBYCF) last released its earnings results on Tuesday, May 12th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.64 billion. Obayashi had a net margin of 6.70% and a return on equity of 10.31%.

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.