Obayashi (OTCMKTS:OBYCF) Sets New 12-Month High - Here's Why

Key Points

• Obayashi Corporation's stock reached a new 12-month high, trading at $17.88 with a market cap of $12.48 billion.
• The company reported earnings per share of $0.09, missing analysts' expectations of $0.16, along with revenue of $3.63 billion compared to the expected $3.97 billion.
• Obayashi's debt-to-equity ratio stands at 0.22, reflecting a relatively low level of debt compared to equity.

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $17.88 and last traded at $17.88, with a volume of 179 shares. The stock had previously closed at $16.85.

Obayashi Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market cap of $12.48 billion, a PE ratio of 13.52 and a beta of 0.39. The stock's 50-day moving average is $15.37 and its two-hundred day moving average is $14.61.

Obayashi (OTCMKTS:OBYCF - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.97 billion. Obayashi had a return on equity of 7.36% and a net margin of 5.35%.

About Obayashi

Obayashi Corporation engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.