Obayashi (OTCMKTS:OBYCF) Shares Gap Up – What’s Next?

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped up before the market opened on Monday . The stock had previously closed at $21.10, but opened at $21.60. Obayashi shares last traded at $21.60, with a volume of 100 shares changing hands.

Obayashi Price Performance

The company’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $17.00. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $15.58 billion, a PE ratio of 13.58 and a beta of 0.24.

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.