Seven and I (OTCMKTS:SVNDY) Stock Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• Seven and I Holdings Co.'s stock price fell below its 50-day moving average, trading at $13.30 compared to the average of $13.50.
• Goldman Sachs has upgraded Seven and I shares to a "hold" rating, contributing to a consensus rating of "Hold" among analysts.
• The company reported a quarterly earnings EPS of $0.13, exceeding analysts' expectations of $0.11, with revenues of $18.96 billion.

Shares of Seven and I Holdings Co. (OTCMKTS:SVNDY - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.50 and traded as low as $13.30. Seven and I shares last traded at $13.53, with a volume of 161,843 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Seven and I to a "hold" rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Seven and I Trading Down 0.8%

The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $34.94 billion, a price-to-earnings ratio of 26.31 and a beta of 0.47. The firm has a 50-day moving average price of $13.46 and a 200-day moving average price of $14.38.

Seven and I (OTCMKTS:SVNDY - Get Free Report) last issued its earnings results on Thursday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $18.96 billion for the quarter, compared to analysts' expectations of $18.81 billion. Seven and I had a return on equity of 6.49% and a net margin of 1.65%. As a group, sell-side analysts predict that Seven and I Holdings Co. will post 0.77 EPS for the current year.

About Seven and I

Seven & i Holdings Co, Ltd. operates convenience stores, superstores, department stores, supermarkets, and specialty stores. It operates through six segments: Domestic Convenience Store operations, Overseas Convenience Store Operations, Superstore Operations, Department and Specialty Store Operations, Financial Services, and Others.