Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Still a Buy?

Obayashi Corporation (OTCMKTS:OBYCF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $21.8650, but opened at $25.34. Obayashi shares last traded at $25.34, with a volume of 120 shares changing hands.

Obayashi Trading Up 0.5%

The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $24.42 and a 200-day moving average price of $22.53. The firm has a market capitalization of $17.05 billion, a PE ratio of 14.02 and a beta of 0.21.

Obayashi (OTCMKTS:OBYCF) last released its quarterly earnings data on Monday, February 9th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.11. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Obayashi had a return on equity of 9.60% and a net margin of 7.06%.

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.