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

Obayashi Corporation (OTCMKTS:OBYCF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $23.20, but opened at $24.20. Obayashi shares last traded at $24.20, with a volume of 499 shares.

Obayashi Price Performance

The business’s fifty day moving average price is $21.45 and its 200 day moving average price is $18.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 1.24. The stock has a market cap of $17.11 billion, a P/E ratio of 15.22 and a beta of 0.27.

Obayashi (OTCMKTS:OBYCF) last released its quarterly earnings data on Monday, November 10th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Obayashi had a net margin of 6.64% and a return on equity of 9.31%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.53 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.