Obayashi (OTCMKTS:OBYCF) Sets New 52-Week High – Here’s Why

Shares of Obayashi Corporation (OTCMKTS:OBYCF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.70 and last traded at $22.70, with a volume of 319 shares changing hands. The stock had previously closed at $21.00.

Obayashi Stock Performance

The company has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $17.46. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 14.28 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 1.24.

Obayashi (OTCMKTS:OBYCF) last released its earnings results on Monday, November 10th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Obayashi had a return on equity of 9.31% and a net margin of 6.64%.The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.53 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.