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

Key Points

• Sekisui House Ltd. shares recently crossed above their 50-day moving average of $21.74, peaking at $21.96 during trading, and last traded at $21.85 with a volume of 31,156 shares.
• Nomura Securities upgraded Sekisui House to a "hold" rating, reflecting a more optimistic outlook from analysts.
• In its latest earnings report, Sekisui House reported $0.33 earnings per share, missing analysts' expectations of $0.57, with revenue of $6.25 billion compared to the consensus estimate of $6.95 billion.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.74 and traded as high as $21.96. Sekisui House shares last traded at $21.85, with a volume of 31,156 shares traded.

Analyst Upgrades and Downgrades

Separately, Nomura Securities upgraded Sekisui House to a "hold" rating in a report on Friday, June 6th.

Sekisui House Trading Up 2.6%

The stock has a fifty day moving average of $21.67 and a 200 day moving average of $22.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.37 and a current ratio of 2.38. The company has a market capitalization of $14.33 billion, a PE ratio of 10.65 and a beta of 0.55.

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

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.