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

Obayashi Corporation (OTCMKTS:OBYCF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $21.80, but opened at $19.10. Obayashi shares last traded at $19.10, with a volume of 213 shares traded.

Obayashi Stock Down 6.4%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.24 and a quick ratio of 1.22. The firm has a market capitalization of $13.50 billion, a P/E ratio of 11.44 and a beta of 0.16. The firm’s fifty day moving average price is $21.49 and its 200-day moving average price is $23.10.

Obayashi (OTCMKTS:OBYCF) last released its earnings results on Tuesday, May 12th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.64 billion. Obayashi had a return on equity of 10.31% 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.