Obayashi (OTCMKTS:OBYCF) Shares Gap Up - Still a Buy?

Key Points

• Obayashi Corporation's stock price jumped 7.1%, starting the day at $17.04 after closing at $15.91 the previous day.
• The company reported earnings per share of $0.09 for the quarter, falling short of the consensus estimate of $0.16, with a revenue of $3.63 billion against expectations of $3.97 billion.
• Obayashi has a market capitalization of $12.29 billion and a low debt-to-equity ratio of 0.22, indicating a stable financial structure.

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $15.91, but opened at $17.04. Obayashi shares last traded at $17.04, with a volume of 498 shares changing hands.

Obayashi Stock Up 7.1%

The company has a market capitalization of $12.29 billion, a PE ratio of 13.31 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 1.19. The company has a 50-day moving average of $16.22 and a two-hundred day moving average of $15.12.

Obayashi (OTCMKTS:OBYCF - Get Free Report) last released its 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). Obayashi had a net margin of 5.35% and a return on equity of 7.36%. The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.97 billion.

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.

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