Obayashi (OTCMKTS:OBYCF) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up premarket to open at $25.34 from the prior close of $21.8650 (last traded $25.34) with 120 shares reported traded, and the article notes the stock was up about 10.7%.
• Quarterly results beat expectations: Obayashi reported EPS of $0.40 vs. $0.29 expected and revenue of $4.28B vs. $4.06B, while showing a market cap of $17.12B, P/E of 14.08, low debt-to-equity (0.22) and healthy current/quick ratios.

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $21.8650, but opened at $25.34. Obayashi shares last traded at $25.34, with a volume of 120 shares traded.

Obayashi Stock Up 10.7%

The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $24.52 and a 200-day simple moving average of $22.42. The firm has a market cap of $17.12 billion, a P/E ratio of 14.08 and a beta of 0.21.

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

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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