Chiyoda (OTCMKTS:CHYCY) Stock Price Up 5.2% – Here’s Why

Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY)’s stock price shot up 5.2% on Thursday. The company traded as high as $4.3114 and last traded at $4.3114. 699 shares were traded during trading, an increase of 39,843% from the average daily volume of 2 shares. The stock had previously closed at $4.10.

Chiyoda Trading Up 5.2%

The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 6.84 and a beta of -0.24. The company’s 50-day moving average price is $4.08 and its 200-day moving average price is $4.84. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Chiyoda (OTCMKTS:CHYCY) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter. The company had revenue of $544.44 million for the quarter.

About Chiyoda

Chiyoda Corporation is a Japan-based engineering, procurement and construction (EPC) company that provides project development and technical services for energy and infrastructure projects. The company is best known for its work in liquefied natural gas (LNG), oil and gas, petrochemicals, and related processing facilities.

Its services generally span feasibility studies, engineering and design, procurement, construction management, commissioning, and project support. Chiyoda also works on energy-transition and environmental initiatives, including hydrogen, renewable energy, carbon capture and storage, and other technologies intended to reduce industrial emissions.

Founded in 1948 and headquartered in Yokohama, Japan, Chiyoda has carried out projects for customers in Japan and international markets.