Seven and I (OTCMKTS:SVNDY) Share Price Passes Below Fifty Day Moving Average - Here's Why

Key Points

• Seven and I Holdings Co. stock fell below its 50-day moving average of $13.84, trading as low as $13.13 before closing at $13.31 with a volume of 188,028 shares.
• The company reported quarterly earnings with earnings per share (EPS) of $0.13, surpassing estimates, and revenue of $18.96 billion, above analysts' expectations of $18.81 billion.
• Seven and I has a market capitalization of $34.67 billion and operates in various retail segments including convenience stores and supermarkets.

Seven and I Holdings Co. (OTCMKTS:SVNDY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.84 and traded as low as $13.13. Seven and I shares last traded at $13.31, with a volume of 188,028 shares trading hands.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat, Seven and I currently has a consensus rating of "Hold".

Seven and I Stock Performance

The firm has a 50 day moving average of $13.63 and a two-hundred day moving average of $14.40. The stock has a market cap of $34.85 billion, a P/E ratio of 26.24 and a beta of 0.48. 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 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. Seven and I had a return on equity of 6.49% and a net margin of 1.65%.The business had revenue of $18.96 billion during the quarter, compared to analysts' expectations of $18.81 billion. On average, research analysts predict that Seven and I Holdings Co. will post 0.77 EPS for the current fiscal 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.