Obayashi Corp (NASDAQ:OBYCF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “Obayashi Corporation provide domestic and overseas construction works, regional development, urban development, ocean development, environmental improvement, other construction-related businesses which includes engineering, management, consulting and real estate. Obayashi Corporation is headquartered in Tokyo, Japan. “

Shares of Obayashi Corp (NASDAQ OBYCF) traded down 1.88% on Thursday, hitting $11.49. The stock had a trading volume of 1,220 shares. Obayashi Corp has a 1-year low of $8.79 and a 1-year high of $12.00. The firm’s 50-day moving average is $11.49 and its 200 day moving average is $10.37. The stock has a market cap of $8.25 billion and a P/E ratio of 9.25.

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