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

Obayashi Corporation (OTCMKTS:OBYCFGet Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $17.15, but opened at $18.75. Obayashi shares last traded at $18.75, with a volume of 231 shares.

Obayashi Stock Down 1.1%

The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.34. The firm’s fifty day moving average price is $16.84 and its two-hundred day moving average price is $15.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 1.19.

Obayashi (OTCMKTS:OBYCFGet Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Obayashi had a return on equity of 7.36% and a net margin of 5.35%.The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.97 billion.

Obayashi Company Profile

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Obayashi Corporation engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways.

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