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

Key Points

• Sekisui House shares gapped down from a previous close of $23.33 to an opening of $22.55, with a trading volume of just 165 shares.
• Nomura Securities upgraded Sekisui House to a "hold" rating, reflecting an average analyst rating of "Hold" for the stock.
• The company reported $0.63 earnings per share for the quarter, meeting expectations, along with a revenue of $7.57 billion, surpassing analyst forecasts.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $23.33, but opened at $22.55. Sekisui House shares last traded at $22.55, with a volume of 165 shares.

Analyst Ratings Changes

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

Sekisui House Price Performance

The company has a 50-day simple moving average of $22.39 and a 200-day simple moving average of $22.31. The stock has a market cap of $15.63 billion, a PE ratio of 11.55 and a beta of 0.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.38 and a quick ratio of 2.37.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The construction company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.44 billion. Sekisui House had a return on equity of 10.16% and a net margin of 4.67%.

Sekisui House Company Profile

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.