Sekisui House (OTCMKTS:SKHSY) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Sekisui House's share price has crossed above its 50-day moving average, indicating potential upward momentum, with shares last trading at $22.92.
• Analysts have rated Sekisui House as a "hold" following a downgrade from Nomura Securities, reflecting cautious sentiment on the stock.
• The company reported earnings per share of $0.33, missing estimates significantly, with quarterly revenue also falling short of expectations at $6.25 billion.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.94 and traded as high as $23.03. Sekisui House shares last traded at $22.92, with a volume of 492,020 shares traded.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Sekisui House to a "hold" rating in a report on Friday, June 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sekisui House currently has a consensus rating of "Hold".

Sekisui House Price Performance

The business has a 50-day simple moving average of $22.04 and a 200 day simple moving average of $22.27. The stock has a market cap of $15.15 billion, a P/E ratio of 11.25 and a beta of 0.56. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.61.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The construction company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.24). Sekisui House had a net margin of 4.78% and a return on equity of 9.88%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.95 billion.

About Sekisui House

Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally. The company operates through Custom Detached Houses, Rental Housing, Architectural/Civil Engineering, Remodeling, Real Estate Management Fees, Houses For Sale, Condominiums, Urban Redevelopment, and Overseas segments.