Optibase (OBAS) Hits New 52-Week High at $10.23

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Optibase Ltd (NASDAQ:OBAS) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $10.23 and last traded at $10.20, with a volume of 1494 shares trading hands. The stock had previously closed at $10.00.

A number of research analysts have commented on the company. ValuEngine upgraded Optibase from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet upgraded Optibase from a “d+” rating to a “c-” rating in a research note on Tuesday, January 22nd.

The company has a debt-to-equity ratio of 1.91, a current ratio of 1.48 and a quick ratio of 1.48.

Optibase (NASDAQ:OBAS) last released its quarterly earnings results on Thursday, November 29th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $4.09 million for the quarter. Optibase had a negative return on equity of 3.24% and a negative net margin of 14.97%.

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Optibase Company Profile (NASDAQ:OBAS)

Optibase Ltd., together with its subsidiaries, operates in the fixed-income real estate sector in Switzerland, Germany, and the United States. The company purchases and operates real estate properties intended for leasing and resale primarily for the purpose of commercial, industrial, office space, parking garage, and warehouse use, as well as for residential purposes.

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