Sekisui House (OTCMKTS:SKHSY) Stock Crosses Below 200-Day Moving Average Following Weak Earnings

Sekisui House Ltd. (OTCMKTS:SKHSY) crossed below its 200-day moving average during trading on Thursday following a weaker than expected earnings announcement. The stock has a 200-day moving average of $22.59 and traded as low as $22.37. Sekisui House shares last traded at $22.55, with a volume of 60,052 shares changing hands.

The construction company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The firm 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 11.12% and a net margin of 5.51%.

Sekisui House Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market capitalization of $14.46 billion, a PE ratio of 9.37 and a beta of 0.42. The stock has a 50 day moving average of $23.25 and a two-hundred day moving average of $22.58.

Sekisui House Company Profile

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.