Chiyoda (OTCMKTS:CHYCY) Shares Gap Down - Here's Why

Key Points

• Gapped down: Chiyoda shares opened at $6.66 after a prior close of $6.9690, with trading very light (only 100 shares reported).
• Solid recent results: Last quarter saw $0.38 EPS on $1.26 billion revenue with strong profitability (ROE 156.91%, net margin 16.68%), and the stock trades at a P/E of 10.57 with a market cap of $1.73 billion.
• Technicals and balance-sheet: Price is below the 50-day SMA ($7.71) but above the 200-day SMA ($4.43); liquidity ratios are modest (quick ratio 1.09, current ratio 1.33) and leverage is low (debt-to-equity 0.20).

Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $6.9690, but opened at $6.66. Chiyoda shares last traded at $6.66, with a volume of 100 shares trading hands.

Chiyoda Price Performance

The business has a 50-day simple moving average of $7.71 and a two-hundred day simple moving average of $4.43. The company has a quick ratio of 1.09, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.57 and a beta of -0.43.

Chiyoda (OTCMKTS:CHYCY - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.38 EPS for the quarter. Chiyoda had a return on equity of 156.91% and a net margin of 16.68%.The company had revenue of $1.26 billion for the quarter.

Chiyoda Company Profile

Chiyoda Corporation OTCMKTS: CHYCY is a Japan-based engineering firm specializing in the design, procurement, construction and commissioning of energy- and infrastructure-related plants. The company's core business activities span upstream, midstream and downstream projects, with a particular focus on liquefied natural gas (LNG) facilities, gas processing plants, petrochemical complexes and refining units. Chiyoda provides turnkey engineering, procurement and construction (EPC) services, as well as operation support, maintenance and optimization solutions for industrial clients worldwide.

Founded in 1948 and headquartered in Yokohama, Chiyoda has built a reputation for delivering large-scale, technically complex projects under challenging environmental and regulatory conditions.

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