Seven and I (OTCMKTS:SVNDY) Shares Gap Down – Here’s What Happened

Seven and I Holdings Co. (OTCMKTS:SVNDY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.67, but opened at $11.96. Seven and I shares last traded at $12.32, with a volume of 6,626 shares.

Wall Street Analysts Forecast Growth

SVNDY has been the subject of a number of research reports. Sanford C. Bernstein raised Seven and I to a “hold” rating in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Seven and I to a “hold” rating in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Seven and I Stock Performance

The company has a fifty day moving average of $11.91 and a two-hundred day moving average of $13.15. The stock has a market capitalization of $29.47 billion, a P/E ratio of 15.67 and a beta of 0.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.79 and a quick ratio of 0.67.

About Seven and I

Seven & I Holdings Co, Ltd. is a Tokyo-based diversified retail holding company best known for its convenience store operations under the 7-Eleven banner. Established as a holding company in 2005 through the reorganization of legacy retail businesses, Seven & I groups a portfolio of retail and service businesses including convenience stores, supermarkets, department stores, foodservice operations, and financial services.

The company’s core activity is the development and franchising of convenience stores that offer a mix of prepared foods, grocery items, daily necessities and quick-service retail products.