Obayashi (OTCMKTS:OBYCF) Shares Gap Down - What's Next?

Key Points

• Gapped down in early trading, opening at $21.8650 after a prior close of $24.10, with light volume (747 shares) as it traded below its 50-day moving average ($24.62) but near the 200-day ($22.37).
• Quarterly beat: reported $0.40 EPS versus $0.29 expected and revenue of $4.28 billion versus $4.06 billion, with a 9.6% return on equity and a 7.06% net margin.
• Solid financials and valuation: market cap about $15.46 billion, PE of 12.71, low leverage (debt-to-equity 0.22) and modest liquidity (current ratio 1.24, quick ratio 1.19).

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $24.10, but opened at $21.8650. Obayashi shares last traded at $21.8650, with a volume of 747 shares.

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 firm has a fifty day moving average price of $24.62 and a two-hundred day moving average price of $22.37. The stock has a market capitalization of $15.46 billion, a PE ratio of 12.71 and a beta of 0.28.

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

Obayashi Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.