Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped up before the market opened on Monday . The stock had previously closed at $19.35, but opened at $22.94. Obayashi shares last traded at $22.94, with a volume of 505 shares changing hands.

Obayashi Stock Performance

The company’s 50-day moving average price is $22.38 and its 200 day moving average price is $23.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24. The stock has a market capitalization of $14.46 billion, a PE ratio of 12.25 and a beta of 0.16.

Obayashi (OTCMKTS:OBYCF) last released its earnings results on Tuesday, May 12th. The company reported $0.35 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 analysts’ expectations of $4.64 billion. Obayashi had a net margin of 6.70% and a return on equity of 10.48%.

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.