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

Obayashi Corporation (OTCMKTS:OBYCF)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $18.51, but opened at $17.8250. Obayashi shares last traded at $17.8250, with a volume of 197 shares.

Obayashi Trading Up 3.3%

The firm has a market capitalization of $13.22 billion, a PE ratio of 10.11 and a beta of 0.16. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.20. The company’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $20.49.

About Obayashi

Obayashi Corporation is a Japan-based construction and engineering company headquartered in Tokyo. Founded in 1892, the company has grown into one of Japan’s major general contractors, providing services across building construction, civil engineering, infrastructure development and related technical fields.

Its building activities include offices, commercial facilities, residential properties, factories, hospitals, schools and other public-use structures. Its civil engineering operations cover transportation and urban infrastructure, including roads, railways, tunnels, bridges, dams and other large-scale projects.