Obayashi (OTCMKTS:OBYCF) Hits New 52-Week High – Still a Buy?

Obayashi Corporation (OTCMKTS:OBYCF) hit a new 52-week high during trading on Monday . The stock traded as high as $27.9050 and last traded at $27.85, with a volume of 699 shares traded. The stock had previously closed at $24.4250.

Obayashi Stock Performance

The firm’s 50 day moving average price is $22.11 and its 200-day moving average price is $18.75. The firm has a market cap of $19.69 billion, a price-to-earnings ratio of 17.52 and a beta of 0.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 1.24.

Obayashi (OTCMKTS:OBYCF) last released its earnings results on Monday, November 10th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. Obayashi had a net margin of 6.64% and a return on equity of 9.31%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.53 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.