Obayashi (OTCMKTS:OBYCF) Sees Strong Trading Volume – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCF) shares saw unusually-strong trading volume on Friday . Approximately 13,245 shares traded hands during mid-day trading, an increase of 728% from the previous session’s volume of 1,600 shares.The stock last traded at $26.75 and had previously closed at $24.95.

Obayashi Stock Up 9.5%

The firm’s 50 day moving average is $21.97 and its 200-day moving average is $18.64. The firm has a market cap of $18.91 billion, a PE ratio of 16.82 and a beta of 0.28. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.20.

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