Sekisui House (OTCMKTS:SKHSY) Shares Gap Down - What's Next?

Key Points

• Sekisui House's stock gapped down from its previous close of $23.57 to open at $22.72, with the last traded price at $23.83.
• Nomura Securities recently upgraded the stock to a "hold" rating, contributing to a current consensus rating of "Hold".
• The company's latest earnings report showed $0.63 earnings per share and $7.57 billion in revenue, meeting and exceeding analysts' expectations, respectively.

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 $23.57, but opened at $22.72. Sekisui House shares last traded at $23.83, with a volume of 397 shares.

Analysts Set New Price Targets

Separately, Nomura Securities raised Sekisui House to a "hold" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Sekisui House Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 2.54 and a quick ratio of 2.37. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 11.31 and a beta of 0.55. The business's 50-day simple moving average is $22.54 and its two-hundred day simple moving average is $22.33.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The construction company reported $0.63 earnings per share for the quarter, meeting analysts' consensus estimates of $0.63. Sekisui House had a net margin of 4.67% and a return on equity of 10.07%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.44 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.