Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $20.15, but opened at $21.8950. Obayashi shares last traded at $21.8950, with a volume of 304 shares changing hands.

Obayashi Trading Up 8.7%

The stock has a market cap of $15.48 billion, a P/E ratio of 13.11 and a beta of 0.18. 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 firm’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $22.97.

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

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.