Obayashi (OTCMKTS:OBYCF) Shares Up 3.8% – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCF)’s share price rose 3.8% during mid-day trading on Friday . The stock traded as high as $25.65 and last traded at $25.65. Approximately 337 shares changed hands during trading, a decline of 76% from the average daily volume of 1,403 shares. The stock had previously closed at $24.71.

Obayashi Stock Up 3.8%

The stock has a 50 day moving average price of $25.13 and a 200 day moving average price of $20.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24. The company has a market capitalization of $18.13 billion, a P/E ratio of 14.91 and a beta of 0.25.

Obayashi (OTCMKTS:OBYCF) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.11. Obayashi had a net margin of 7.06% and a return on equity of 9.60%. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.06 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.