Obayashi (OTCMKTS:OBYCF) Shares Down 7.4% – Here’s What Happened

Obayashi Corporation (OTCMKTS:OBYCF) dropped 7.4% on Friday . The stock traded as low as $18.6375 and last traded at $18.6375. 176 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,547 shares. The stock had previously closed at $20.12.

Obayashi Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $20.81 and a 200 day moving average of $23.05. The stock has a market cap of $13.18 billion, a PE ratio of 11.16 and a beta of 0.18.

Obayashi (OTCMKTS:OBYCF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Obayashi had a net margin of 6.70% and a return on equity of 10.31%. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.64 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.