Seven and I (OTCMKTS:SVNDY) Shares Gap Up - Here's What Happened

Key Points

• The share price of Seven and I Holdings Co. gapped up from $13.40 to $13.87 before opening, indicative of increased investor interest.
• Goldman Sachs has upgraded Seven and I's stock rating to "hold," aligning with the average analyst rating of "hold" for the company.
• In its latest quarterly report, Seven and I surpassed earnings expectations with a reported EPS of $0.13 and revenue of $18.96 billion.

Seven and I Holdings Co. (OTCMKTS:SVNDY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $13.40, but opened at $13.87. Seven and I shares last traded at $13.37, with a volume of 26,995 shares.

Analyst Upgrades and Downgrades

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

Seven and I Stock Up 0.1%

The stock has a market capitalization of $35.19 billion, a PE ratio of 26.49 and a beta of 0.47. The stock's 50-day moving average price is $13.56 and its two-hundred day moving average price is $14.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 0.81.

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

Seven and I Company Profile

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.