Sekisui House (OTCMKTS:SKHSY) Shares Gap Down – What’s Next?

Shares of Sekisui House Ltd. (OTCMKTS:SKHSY) gapped down prior to trading on Wednesday . The stock had previously closed at $21.27, but opened at $20.5950. Sekisui House shares last traded at $20.4510, with a volume of 46,686 shares.

Wall Street Analysts Forecast Growth

Separately, CLSA raised Sekisui House to a “strong-buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Sekisui House Stock Performance

The stock has a market cap of $13.73 billion, a PE ratio of 8.86 and a beta of 0.38. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $22.11 and a 200 day moving average price of $22.43.

Sekisui House (OTCMKTS:SKHSY) last announced its quarterly earnings results on Thursday, March 5th. The construction company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Sekisui House had a net margin of 5.51% and a return on equity of 10.82%.

About Sekisui House

Sekisui House, Ltd. is a leading Japanese homebuilder founded in 1960 and headquartered in Osaka, Japan. The company specializes in the design, construction, and sale of residential properties, positioning itself at the forefront of the nation’s housing industry. Since its inception, Sekisui House has emphasized quality craftsmanship, innovative building methods, and sustainable design, building a reputation for reliable and long-lasting homes.

The company’s core business activities encompass the development of single-family homes, condominiums and rental housing, along with community and urban redevelopment projects.