Obayashi (OTCMKTS:OBYCF) Shares Gap Down – Here’s What Happened

Obayashi Corporation (OTCMKTS:OBYCF) gapped down prior to trading on Monday . The stock had previously closed at $25.85, but opened at $24.10. Obayashi shares last traded at $24.10, with a volume of 261 shares changing hands.

Obayashi Stock Performance

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 stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 14.01 and a beta of 0.25. The company has a 50 day simple moving average of $24.48 and a 200-day simple moving average of $20.29.

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

Obayashi Company Profile

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.