Obayashi (OTCMKTS:OBYCF) Shares Gap Up – Here’s Why

Obayashi Corporation (OTCMKTS:OBYCFGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $19.51, but opened at $20.77. Obayashi shares last traded at $20.77, with a volume of 140 shares traded.

Obayashi Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.24 and a quick ratio of 1.22. The stock’s 50-day moving average price is $19.76 and its 200-day moving average price is $21.88. The company has a market cap of $14.68 billion, a P/E ratio of 11.23 and a beta of 0.17.

Obayashi Company Profile

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Obayashi Corporation is a Japan-based construction and engineering company that provides building construction, civil engineering and infrastructure development services. Its projects include office buildings, commercial and residential properties, hospitals, schools, transportation facilities, tunnels, bridges, dams and other large-scale public and private infrastructure.

Founded in Osaka in 1892, Obayashi has grown into one of Japan’s major general contractors. In addition to construction, the company is involved in urban development, real estate, building management and engineering services.

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