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

Shares of 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 trading hands.

Obayashi Stock Performance

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’s fifty day simple moving average is $24.48 and its 200 day simple moving average is $20.29. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.22.

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

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.