Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Time to Buy?

Obayashi Corporation (OTCMKTS:OBYCF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $19.35, but opened at $22.94. Obayashi shares last traded at $22.94, with a volume of 505 shares.

Obayashi Trading Up 5.7%

The firm has a market cap of $14.46 billion, a P/E ratio of 12.25 and a beta of 0.16. The stock has a fifty day simple moving average of $22.38 and a 200 day simple moving average of $23.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24.

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