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

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $21.80, but opened at $19.10. Obayashi shares last traded at $19.10, with a volume of 213 shares traded.

Obayashi Stock Down 6.4%

The business has a 50-day moving average price of $21.49 and a 200-day moving average price of $23.10. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 11.44 and a beta of 0.16. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.20.

Obayashi (OTCMKTS:OBYCF) last announced its earnings results on Tuesday, May 12th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). Obayashi had a net margin of 6.70% and a return on equity of 10.31%. The company had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.64 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.