Obayashi (OTCMKTS:OBYCF) Shares Gap Down – Should You Sell?

Shares of Obayashi Corporation (OTCMKTS:OBYCF) gapped down prior to trading on Friday . The stock had previously closed at $23.07, but opened at $20.1397. Obayashi shares last traded at $20.1397, with a volume of 19,100 shares.

Obayashi Price Performance

The business has a 50 day moving average of $23.85 and a 200 day moving average of $22.95. The company has a market cap of $14.24 billion, a PE ratio of 12.06 and a beta of 0.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.19.

Obayashi (OTCMKTS:OBYCF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.64 billion. Obayashi had a return on equity of 10.48% 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.