Sekisui House (OTCMKTS:SKHSY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Sekisui House Ltd. (OTCMKTS:SKHSY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.21 and traded as low as $19.78. Sekisui House shares last traded at $19.89, with a volume of 118,712 shares trading hands.

Wall Street Analyst Weigh In

Separately, CLSA upgraded shares of Sekisui House to a “strong-buy” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Sekisui House Stock Up 2.0%

The business’s 50 day moving average is $21.03 and its 200 day moving average is $22.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.79 and a current ratio of 2.96. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 7.95 and a beta of 0.37.

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.