Chiyoda (OTCMKTS:CHYCY) Shares Gap Up – Time to Buy?

Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY) gapped up prior to trading on Friday. The stock had previously closed at $4.08, but opened at $4.47. Chiyoda shares last traded at $3.80, with a volume of 322 shares traded.

Chiyoda Stock Up 1.8%

The firm’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $4.84. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.15 and a beta of -0.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Chiyoda (OTCMKTS:CHYCY) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.02 earnings per share (EPS) for the quarter. The business 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.