Obayashi (OTCMKTS:OBYCF) Sets New 1-Year 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) shares hit a new 52-week high on Wednesday . The stock traded as high as $17.88 and last traded at $17.88, with a volume of 179 shares traded. The stock had previously closed at $16.85.

Obayashi Price Performance

The firm has a 50-day simple moving average of $15.52 and a two-hundred day simple moving average of $14.74. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 13.52 and a beta of 0.39. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22.

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

Obayashi Company Profile

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.