Seven and I (OTCMKTS:SVNDY) Shares Gap Up – Here’s Why

Seven and I Holdings Co. (OTCMKTS:SVNDY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.84, but opened at $13.50. Seven and I shares last traded at $12.88, with a volume of 881 shares.

Analysts Set New Price Targets

SVNDY has been the topic of several research analyst reports. Sanford C. Bernstein upgraded shares of Seven and I to a “hold” rating in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Seven and I to a “hold” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Seven and I has a consensus rating of “Hold”.

Seven and I Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $12.41 and a two-hundred day moving average price of $12.93. The firm has a market cap of $30.26 billion, a PE ratio of 15.71 and a beta of 0.29.

Seven and I (OTCMKTS:SVNDY) last issued its quarterly earnings results on Thursday, July 9th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.10 by $0.11. The firm had revenue of $14.65 billion during the quarter, compared to analysts’ expectations of $14.97 billion. Seven and I had a return on equity of 7.87% and a net margin of 3.03%. Research analysts forecast 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. 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.