Obayashi (OTCMKTS:OBYCF) Trading 9.5% Higher – Still a Buy?

Shares of Obayashi Corporation (OTCMKTS:OBYCFGet Free Report) shot up 9.5% during trading on Wednesday . The company traded as high as $21.37 and last traded at $21.37. Approximately 293 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,801 shares. The stock had previously closed at $19.51.

Obayashi Price Performance

The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 10.77 and a beta of 0.17. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $19.74 and a two-hundred day moving average price of $21.83.

About Obayashi

(Get Free Report)

Obayashi Corporation is a Japan-based construction and engineering company that provides building construction, civil engineering and infrastructure development services. Its projects include office buildings, commercial and residential properties, hospitals, schools, transportation facilities, tunnels, bridges, dams and other large-scale public and private infrastructure.

Founded in Osaka in 1892, Obayashi has grown into one of Japan’s major general contractors. In addition to construction, the company is involved in urban development, real estate, building management and engineering services.

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