Obayashi (OTCMKTS:OBYCF) Shares Gap Down - Here's Why

Key Points

• Shares gapped down about 8%, opening at $22.09 versus the prior close of $24.01 on very light volume (436 shares traded).
• Obayashi beat quarterly estimates, reporting EPS of $0.40 (versus $0.29 expected) and revenue of $4.28 billion (versus $4.06 billion expected), with a 7.06% net margin and 9.6% ROE.
• The stock trades at a P/E of 12.84 with a market cap of $15.62 billion and low volatility (beta 0.28); its 50-day SMA ($25.49) sits above the current price while the balance sheet shows a conservative debt-to-equity of 0.22.

Shares of Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $24.01, but opened at $22.09. Obayashi shares last traded at $22.09, with a volume of 436 shares traded.

Obayashi Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.24 and a quick ratio of 1.19. The stock's 50-day simple moving average is $25.49 and its 200 day simple moving average is $21.47. The stock has a market capitalization of $15.62 billion, a P/E ratio of 12.84 and a beta of 0.28.

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

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.

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