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

Sekisui House Ltd. (OTCMKTS:SKHSY) shares gapped down prior to trading on Friday. The stock had previously closed at $21.44, but opened at $20.62. Sekisui House shares last traded at $21.5119, with a volume of 1,557 shares trading hands.

Sekisui House Price Performance

The company has a current ratio of 2.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 8.56 and a beta of 0.40. The company’s 50 day moving average is $21.48 and its 200-day moving average is $21.45.

Sekisui House (OTCMKTS:SKHSY) last released its quarterly earnings data on Thursday, September 10th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Sekisui House had a return on equity of 11.16% and a net margin of 6.15%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.85 billion.

Sekisui House Company Profile

Sekisui House Ltd. is a Japan-based homebuilder and property developer that designs, constructs and manages residential and commercial properties. The company’s activities include detached houses, rental housing, condominiums, commercial buildings, urban development and residential remodeling. It also provides property management and related services for homeowners, landlords and real estate investors.

Founded in 1960, Sekisui House has built its business around industrialized housing systems and integrated services spanning planning, construction, sales and after-sales support.