Obayashi (OTCMKTS:OBYCF) Shares Gap Down – What’s Next?

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $21.80, but opened at $19.10. Obayashi shares last traded at $19.10, with a volume of 213 shares traded.

Obayashi Stock Performance

The stock’s 50 day moving average is $21.38 and its 200-day moving average is $23.09. The company has a market cap of $14.75 billion, a P/E ratio of 12.49 and a beta of 0.18. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20.

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

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.