Seven and I (OTCMKTS:SVNDY) Sees Strong Trading Volume – Here’s Why

Seven and I Holdings Co. (OTCMKTS:SVNDY) shares saw unusually-strong trading volume on Thursday . 1,343,133 shares were traded during trading, an increase of 422% from the previous session’s volume of 257,299 shares.The stock last traded at $13.77 and had previously closed at $13.67.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Seven and I to a “hold” rating in a research note on Tuesday, June 16th. Sanford C. Bernstein upgraded shares of Seven and I to a “hold” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Seven and I Trading Up 1.0%

The firm’s 50-day simple moving average is $12.20 and its 200 day simple moving average is $12.98. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 16.63 and a beta of 0.30.

Seven and I (OTCMKTS:SVNDY) last issued its earnings results on Thursday, July 9th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. Seven and I had a return on equity of 7.87% and a net margin of 3.03%.The firm had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $14.97 billion. Equities analysts expect that Seven and I Holdings Co. will post 0.77 earnings per share for the current year.

About Seven and I

Seven & I Holdings Co, Ltd. is a Tokyo-based diversified retail holding company best known for its convenience store operations under the 7-Eleven banner. Established as a holding company in 2005 through the reorganization of legacy retail businesses, Seven & I groups a portfolio of retail and service businesses including convenience stores, supermarkets, department stores, foodservice operations, and financial services.

The company’s core activity is the development and franchising of convenience stores that offer a mix of prepared foods, grocery items, daily necessities and quick-service retail products.