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

Sekisui House Ltd. (OTCMKTS:SKHSY)’s share price gapped up before the market opened 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 changing hands.

Analyst Ratings Changes

Separately, CLSA raised Sekisui House to a “strong-buy” rating in a research 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Sekisui House Stock Performance

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 business has a 50-day moving average price of $21.77 and a 200 day moving average price of $22.37. The stock 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 issued its quarterly earnings results on Thursday, March 5th. The construction company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Sekisui House had a return on equity of 10.82% and a net margin of 5.51%.The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate 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.