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

Shares of Obayashi Corporation (OTCMKTS:OBYCF) gapped down before the market opened on Thursday . The stock had previously closed at $19.40, but opened at $17.3650. Obayashi shares last traded at $17.3650, with a volume of 134 shares traded.

Obayashi Trading Down 11.6%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 10.40 and a beta of 0.16. The company has a 50 day moving average price of $23.09 and a two-hundred day moving average price of $23.08.

Obayashi (OTCMKTS:OBYCF) last announced its earnings results on Tuesday, May 12th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.64 billion. Obayashi had a return on equity of 10.48% and a net margin of 6.70%.

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.