Obayashi (OTCMKTS:OBYCF) Shares Gap Up – What’s Next?

Shares of Obayashi Corporation (OTCMKTS:OBYCF) gapped up before the market opened on Tuesday . The stock had previously closed at $20.60, but opened at $22.6550. Obayashi shares last traded at $22.6550, with a volume of 148 shares.

Obayashi Trading Up 11.6%

The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $22.99. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 13.57 and a beta of 0.21.

Obayashi (OTCMKTS:OBYCF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Obayashi had a return on equity of 10.48% and a net margin of 6.70%.The company had revenue of $4.75 billion for 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.