Obayashi (OTCMKTS:OBYCF) Sees Unusually-High Trading Volume – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCFGet Free Report) shares saw an uptick in trading volume on Thursday . 3,084 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 1,320 shares.The stock last traded at $20.95 and had previously closed at $21.61.

Obayashi Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.19. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 12.54 and a beta of 0.21. The business’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $23.03.

Obayashi (OTCMKTS:OBYCFGet Free Report) last released its quarterly earnings results 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.

Obayashi Company Profile

(Get Free Report)

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.

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