Chiyoda (OTCMKTS:CHYCY) Shares Down 12.2% – Here’s Why

Chiyoda Corp. Unsponsored ADR (OTCMKTS:CHYCY)’s stock price dropped 12.2% during trading on Thursday. The company traded as low as $3.39 and last traded at $3.81. 2,213 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 1,267 shares. The stock had previously closed at $4.34.

Chiyoda Stock Down 12.1%

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $5.50. The company has a market capitalization of $993.48 million, a P/E ratio of 7.48 and a beta of -0.24.

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

Chiyoda Company Profile

Chiyoda Corporation is a Japan-based engineering and construction company that provides engineering, procurement and construction (EPC) services for energy, chemical and industrial facilities. Its work includes the development of liquefied natural gas (LNG) plants, oil and gas facilities, petrochemical complexes, hydrogen and other energy-related projects, as well as environmental and infrastructure systems.

Founded in 1948, Chiyoda has built experience in managing large, technically complex projects from planning and design through procurement, construction and commissioning.