Chiyoda (OTCMKTS:CHYCY) Shares Gap Down – Here’s Why

Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCYGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $6.27, but opened at $4.64. Chiyoda shares last traded at $4.58, with a volume of 200 shares changing hands.

Chiyoda Price Performance

The stock has a 50 day simple moving average of $6.85 and a 200 day simple moving average of $5.82. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 6.92 and a beta of -0.10.

About Chiyoda

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Chiyoda Corporation (OTCMKTS: CHYCY) is a Japan-based engineering firm specializing in the design, procurement, construction and commissioning of energy- and infrastructure-related plants. The company’s core business activities span upstream, midstream and downstream projects, with a particular focus on liquefied natural gas (LNG) facilities, gas processing plants, petrochemical complexes and refining units. Chiyoda provides turnkey engineering, procurement and construction (EPC) services, as well as operation support, maintenance and optimization solutions for industrial clients worldwide.

Founded in 1948 and headquartered in Yokohama, Chiyoda has built a reputation for delivering large-scale, technically complex projects under challenging environmental and regulatory conditions.

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