Sekisui House (OTCMKTS:SKHSY) Shares Gap Down – Should You Sell?

Sekisui House Ltd. (OTCMKTS:SKHSY)’s stock price 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 traded.

Wall Street Analysts Forecast Growth

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

Sekisui House Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.79 and a quick ratio of 2.79. The firm has a fifty day simple moving average of $22.03 and a 200 day simple moving average of $22.43. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 8.89 and a beta of 0.38.

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). Sekisui House had a net margin of 5.51% and a return on equity of 10.82%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $8.51 billion.

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.