Chiyoda (OTCMKTS:CHYCY) Stock Falls 8.5% – Here’s Why

Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY)’s stock price traded down 8.5% during mid-day trading on Tuesday. The company traded as low as $3.7150 and last traded at $3.7150. 156 shares were traded during trading, a decline of 85% from the average daily volume of 1,049 shares. The stock had previously closed at $4.06.

Chiyoda Price Performance

The business’s 50-day moving average price is $4.09 and its 200 day moving average price is $4.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $965.07 million, a P/E ratio of 7.27 and a beta of -0.24.

Chiyoda (OTCMKTS:CHYCY) last posted its earnings results on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $544.44 million for the quarter.

About Chiyoda

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.