Sekisui House (OTCMKTS:SKHSY) Shares Gap Down - Here's Why

Key Points

• Sekisui House gapped down before the open — the stock closed at $22.16, opened at $21.2901 and last traded at $22.13 on a volume of 37,890 shares.
• Analyst sentiment improved after CLSA upgraded the stock to a "strong-buy"; MarketBeat shows one Strong Buy, one Hold and an average rating of "Buy".
• Quarterly results missed estimates as EPS was $0.84 versus $0.92 expected and revenue was $8.03B versus $8.51B expected; the shares trade at a P/E of 9.32 with a market cap of about $14.4B.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $22.16, but opened at $21.2901. Sekisui House shares last traded at $22.13, with a volume of 37,890 shares.

Analysts Set New Price Targets

Separately, CLSA upgraded shares of Sekisui House to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Sekisui House Trading Up 0.0%

The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.62. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 9.32 and a beta of 0.42. The company has a fifty day simple moving average of $23.22 and a 200-day simple moving average of $22.54.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The construction company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.08). Sekisui House had a net margin of 5.51% and a return on equity of 11.12%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $8.51 billion.

About Sekisui House

Sekisui House, Ltd. is a leading Japanese homebuilder founded in 1960 and headquartered in Osaka, Japan. The company specializes in the design, construction, and sale of residential properties, positioning itself at the forefront of the nation’s housing industry. Since its inception, Sekisui House has emphasized quality craftsmanship, innovative building methods, and sustainable design, building a reputation for reliable and long-lasting homes.

The company’s core business activities encompass the development of single-family homes, condominiums and rental housing, along with community and urban redevelopment projects.

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