Sekisui House (OTCMKTS:SKHSY) Shares Gap Up – Here’s Why

Sekisui House Ltd. (OTCMKTS:SKHSY) gapped up prior to trading on Thursday . The stock had previously closed at $20.41, but opened at $21.40. Sekisui House shares last traded at $20.9050, with a volume of 12,343 shares.

Wall Street Analyst Weigh In

Separately, CLSA raised Sekisui House to a “strong-buy” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Sekisui House Stock Performance

The company has a 50-day simple moving average of $21.77 and a two-hundred day simple moving average of $22.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.79 and a current ratio of 2.79. The firm has a market capitalization of $13.51 billion, a P/E ratio of 8.71 and a beta of 0.37.

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

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.