Sekisui House (OTCMKTS:SKHSY) Shares Gap Down - Time to Sell?

Key Points

• Sekisui House's stock price opened at $21.82 after a gap down from a previous close of $22.52, with the last traded price being $22.54.
• The company reported a quarterly earnings miss, with an EPS of $0.33, falling short of the $0.57 consensus estimate.
• Nomura Securities has upgraded Sekisui House to a "hold" rating, indicating a cautious outlook on the stock.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.52, but opened at $21.82. Sekisui House shares last traded at $22.54, with a volume of 2,831 shares.

Analyst Upgrades and Downgrades

Separately, Nomura Securities raised shares of Sekisui House to a "hold" rating in a research report on Friday, June 6th.

Sekisui House Stock Performance

The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.61. The company's fifty day simple moving average is $21.60 and its 200 day simple moving average is $22.27. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 11.12 and a beta of 0.56.

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 the consensus estimate of $0.57 by ($0.24). The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.95 billion. Sekisui House had a net margin of 4.78% and a return on equity of 9.88%.

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.

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.