Obayashi (OTCMKTS:OBYCF) Shares Up 10.3% - Here's Why

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) shares rose 10.3% during trading on Wednesday . The company traded as high as $16.07 and last traded at $15.25. Approximately 457 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 344 shares. The stock had previously closed at $13.83.

Obayashi Trading Down 3.7%

The stock has a 50 day moving average price of $15.06 and a 200 day moving average price of $13.96. The company has a market cap of $10.60 billion, a PE ratio of 11.05 and a beta of 0.36. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

Obayashi (OTCMKTS:OBYCF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.16). The company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $3.87 billion. Obayashi had a net margin of 5.57% and a return on equity of 7.47%.

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.