Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Still a Buy?

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $19.15, but opened at $20.28. Obayashi shares last traded at $20.28, with a volume of 738 shares.

Obayashi Stock Performance

The business has a 50-day moving average price of $20.07 and a 200 day moving average price of $22.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.24. The stock has a market capitalization of $14.10 billion, a P/E ratio of 11.95 and a beta of 0.18.

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

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.