Sekisui House (OTCMKTS:SKHSY) Shares Gap Down – Here’s What Happened

Sekisui House Ltd. (OTCMKTS:SKHSY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $23.04, but opened at $21.81. Sekisui House shares last traded at $22.0650, with a volume of 828 shares traded.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Sekisui House Trading Up 1.7%

The stock has a market cap of $14.59 billion, a PE ratio of 9.45 and a beta of 0.41. The company’s 50-day moving average price is $23.15 and its 200 day moving average price is $22.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.79 and a current ratio of 2.79.

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

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.