Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Here’s What Happened

Obayashi Corporation (OTCMKTS:OBYCF) gapped up before the market opened on Monday . The stock had previously closed at $18.17, but opened at $20.60. Obayashi shares last traded at $20.60, with a volume of 221 shares traded.

Obayashi Price Performance

The firm has a market capitalization of $15.41 billion, a PE ratio of 13.05 and a beta of 0.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.24 and a quick ratio of 1.22. The business’s 50 day moving average is $21.63 and its two-hundred day moving average is $23.09.

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

Obayashi Company Profile

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.