Sekisui House (OTCMKTS:SKHSY) Shares Cross Above 50-Day Moving Average – Here’s Why

Sekisui House Ltd. (OTCMKTS:SKHSY) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.95 and traded as high as $21.49. Sekisui House shares last traded at $21.42, with a volume of 55,069 shares trading hands.

Analysts Set New Price Targets

Separately, CLSA upgraded shares of Sekisui House to a “strong-buy” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Sekisui House Price Performance

The stock has a market capitalization of $13.96 billion, a PE ratio of 8.24 and a beta of 0.37. The company has a current ratio of 2.96, a quick ratio of 2.95 and a debt-to-equity ratio of 0.57. The company’s 50 day simple moving average is $20.95 and its 200 day simple moving average is $22.15.

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.