Chiyoda (OTCMKTS:CHYCY) Stock Price Down 8.5% – Here’s Why

Shares of Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY) traded down 8.5% during trading on Tuesday. The stock traded as low as $3.7150 and last traded at $3.7150. Approximately 156 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,049 shares. The stock had previously closed at $4.06.

Chiyoda Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $965.07 million, a PE ratio of 7.27 and a beta of -0.24. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.71.

Chiyoda (OTCMKTS:CHYCY) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.02 EPS for the quarter. The firm had revenue of $544.44 million for the quarter.

Chiyoda Company Profile

Chiyoda Corporation is a Japan-based engineering, procurement and construction (EPC) company that provides project development and technical services for energy and infrastructure projects. The company is best known for its work in liquefied natural gas (LNG), oil and gas, petrochemicals, and related processing facilities.

Its services generally span feasibility studies, engineering and design, procurement, construction management, commissioning, and project support. Chiyoda also works on energy-transition and environmental initiatives, including hydrogen, renewable energy, carbon capture and storage, and other technologies intended to reduce industrial emissions.

Founded in 1948 and headquartered in Yokohama, Japan, Chiyoda has carried out projects for customers in Japan and international markets.