Obayashi (OTCMKTS:OBYCF) Shares Down 1.3% - Should You Sell?
Obayashi Corporation's shares fell 1.3% to $16.9750, with a trading volume increase of 21%. The stock has a 50-day moving average of $16.64 and a 200-day average of $15.58. The company reported Q2 earnings of $0.09 per share, missing estimates of $0.16, with revenue of $3.63 billion against expectations of $3.97 billion. Analysts currently rate the stock as a Hold, but it is not among the top recommended stocks by analysts.
Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report)'s share price traded down 1.3% during trading on Thursday . The stock traded as low as $16.9750 and last traded at $16.9750. 334 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 277 shares. The stock had previously closed at $17.20.
Obayashi Stock Performance
The stock has a 50-day simple moving average of $16.64 and a 200-day simple moving average of $15.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market cap of $12.25 billion, a PE ratio of 13.26 and a beta of 0.37.
Obayashi (OTCMKTS:OBYCF - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). Obayashi had a net margin of 5.35% and a return on equity of 7.36%. The firm had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.97 billion.
Obayashi Company Profile
(Get Free Report)Obayashi Corporation engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways.
Further Reading
- Five stocks we like better than Obayashi
- Stock Average Calculator
- Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause Moment
- How to Use Stock Screeners to Find Stocks
- NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game
- Stock Splits, Do They Really Impact Investors?
- Hold Ratings, High Rewards? 3 Stocks That Could Defy Expectations
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Obayashi Right Now?
Before you consider Obayashi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Obayashi wasn't on the list.
While Obayashi currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
