Chiyoda (OTCMKTS:CHYCY) Sees Strong Trading Volume – Here’s Why

Shares of Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY) saw unusually-strong trading volume on Monday. 2,312 shares traded hands during trading, an increase of 244% from the previous session’s volume of 673 shares. The stock last traded at $4.0350 and had previously closed at $4.3114.

Chiyoda Price Performance

The firm has a market capitalization of $1.06 billion, a P/E ratio of 7.98 and a beta of -0.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day simple moving average is $4.08 and its 200 day simple moving average is $4.77.

Chiyoda (OTCMKTS:CHYCY) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $544.44 million during the quarter.

Chiyoda Company Profile

Chiyoda Corporation is a Japan-based engineering, procurement and construction (EPC) company that provides project development and technical services for energy and infrastructure projects. The company is best known for its work in liquefied natural gas (LNG), oil and gas, petrochemicals, and related processing facilities.

Its services generally span feasibility studies, engineering and design, procurement, construction management, commissioning, and project support. Chiyoda also works on energy-transition and environmental initiatives, including hydrogen, renewable energy, carbon capture and storage, and other technologies intended to reduce industrial emissions.

Founded in 1948 and headquartered in Yokohama, Japan, Chiyoda has carried out projects for customers in Japan and international markets.