Obayashi (OTCMKTS:OBYCF) Sees Strong Trading Volume – Still a Buy?

Obayashi Corporation (OTCMKTS:OBYCF) shares saw unusually-high trading volume on Wednesday . Approximately 39,405 shares changed hands during trading, an increase of 2,320% from the previous session’s volume of 1,628 shares.The stock last traded at $18.5450 and had previously closed at $19.15.

Obayashi Trading Down 3.2%

The company’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $22.80. The firm has a market capitalization of $13.11 billion, a PE ratio of 11.10 and a beta of 0.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.24 and a quick ratio of 1.22.

Obayashi (OTCMKTS:OBYCF) last released its quarterly 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 company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.64 billion. Obayashi had a return on equity of 10.31% and a net margin of 6.70%.

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.