Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Should You Buy?

Obayashi Corporation (OTCMKTS:OBYCF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $22.75, but opened at $24.02. Obayashi shares last traded at $24.02, with a volume of 299 shares changing hands.

Obayashi Stock Up 0.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 1.24. The firm has a 50-day moving average of $20.58 and a 200 day moving average of $17.66. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 14.53 and a beta of 0.27.

Obayashi (OTCMKTS:OBYCF) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Obayashi had a return on equity of 9.31% and a net margin of 6.64%.The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.53 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.