Sekisui House (OTCMKTS:SKHSY) Trading Down 6.3% – Here’s Why

Sekisui House Ltd. (OTCMKTS:SKHSY) shares dropped 6.3% on Wednesday . The stock traded as low as $21.24 and last traded at $21.24. Approximately 963 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 92,587 shares. The stock had previously closed at $22.68.

Analyst Upgrades and Downgrades

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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Sekisui House Price Performance

The company has a fifty day simple moving average of $23.15 and a two-hundred day simple moving average of $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. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.44 and a beta of 0.41.

Sekisui House (OTCMKTS:SKHSY) last issued its quarterly earnings results 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 business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $8.51 billion. Sekisui House had a net margin of 5.51% and a return on equity of 10.82%.

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.