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Sekisui House (OTCMKTS:SKHSY) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Sekisui House logo with Construction background

Key Points

  • Sekisui House Ltd.'s stock price recently crossed above its 50-day moving average, trading at $23.57, indicative of potential upward momentum.
  • The company reported a net margin of 4.67% and matched analysts' expectations with an earnings per share (EPS) of $0.63 for the last quarter.
  • Nomura Securities has upgraded Sekisui House's stock rating to "hold", reflecting a cautious outlook according to prevailing analyst sentiment.
  • Five stocks to consider instead of Sekisui House.

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 $22.39 and traded as high as $23.66. Sekisui House shares last traded at $23.57, with a volume of 44,783 shares.

Analyst Ratings Changes

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

View Our Latest Analysis on SKHSY

Sekisui House Price Performance

The firm has a market cap of $15.63 billion, a PE ratio of 11.55 and a beta of 0.55. The stock's fifty day moving average price is $22.39 and its 200-day moving average price is $22.31. 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 earnings results on Wednesday, September 3rd. The construction company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. Sekisui House had a net margin of 4.67% and a return on equity of 10.16%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.44 billion.

About Sekisui House

(Get Free Report)

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.

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