Obayashi (OTCMKTS:OBYCF) Shares Gap Up - Should You Buy?

Key Points

• Obayashi Corporation shares experienced a significant gap up, opening at $16.85 after previously closing at $16.35, with a trading volume of 216 shares.
• The company reported $0.09 earnings per share for the last quarter, missing the consensus estimate of $0.16, while revenues were $3.63 billion compared to expectations of $3.97 billion.
• Obayashi has a market capitalization of $12.16 billion and a PE ratio of 13.16, indicating a relatively stable financial position with a low debt-to-equity ratio of 0.22.

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $16.35, but opened at $16.85. Obayashi shares last traded at $16.85, with a volume of 216 shares changing hands.

Obayashi Trading Up 3.1%

The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $15.72 and its two-hundred day simple moving average is $14.84. The company has a market capitalization of $12.16 billion, a PE ratio of 13.16 and a beta of 0.39.

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

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.