Obayashi (OTCMKTS:OBYCF) Shares Gap Down – Here’s Why

Obayashi Corporation (OTCMKTS:OBYCF)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $19.40, but opened at $17.3650. Obayashi shares last traded at $17.3650, with a volume of 134 shares changing hands.

Obayashi Price Performance

The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 10.40 and a beta of 0.16. The stock has a fifty day simple moving average of $23.09 and a 200-day simple moving average of $23.08. 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 announced its quarterly earnings results 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). Obayashi had a net margin of 6.70% and a return on equity of 10.48%. The company had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.64 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.