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

Shares of Obayashi Corporation (OTCMKTS:OBYCFGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $20.15, but opened at $21.8950. Obayashi shares last traded at $21.8950, with a volume of 304 shares trading hands.

Obayashi Trading Up 8.7%

The company has a market cap of $15.48 billion, a price-to-earnings ratio of 13.11 and a beta of 0.18. The business’s fifty day moving average price is $20.31 and its 200 day moving average price is $22.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.24 and a quick ratio of 1.22.

Obayashi (OTCMKTS:OBYCFGet Free Report) last posted 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). The company had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.64 billion. Obayashi had a net margin of 6.70% and a return on equity of 10.31%.

About Obayashi

(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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