Obayashi (OTCMKTS:OBYCF) Stock Price Up 6% – Here’s Why

Obayashi Corporation (OTCMKTS:OBYCF) shares rose 6% during trading on Friday . The company traded as high as $28.6750 and last traded at $28.6750. Approximately 188 shares changed hands during trading, a decline of 90% from the average daily volume of 1,807 shares. The stock had previously closed at $27.05.

Obayashi Stock Up 5.0%

The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $23.83 and its 200 day moving average price is $19.80. The firm has a market cap of $20.27 billion, a P/E ratio of 16.67 and a beta of 0.28.

Obayashi (OTCMKTS:OBYCF) last posted its earnings results on Monday, February 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.11. Obayashi had a net margin of 7.06% and a return on equity of 9.60%. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.06 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.