Seven and I (OTCMKTS:SVNDY) Sees Strong Trading Volume – Here’s Why

Shares of Seven and I Holdings Co. (OTCMKTS:SVNDY) saw unusually-strong trading volume on Wednesday . Approximately 391,868 shares changed hands during trading, an increase of 51% from the previous session’s volume of 259,173 shares.The stock last traded at $12.08 and had previously closed at $12.30.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Seven and I to a “hold” rating in a report on Tuesday, June 16th. Sanford C. Bernstein upgraded shares of Seven and I to a “hold” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Seven and I currently has a consensus rating of “Hold”.

Seven and I Stock Performance

The company’s 50 day simple moving average is $12.00 and its 200 day simple moving average is $13.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.67 and a current ratio of 0.79. The stock has a market cap of $28.83 billion, a PE ratio of 14.59 and a beta of 0.30.

Seven and I (OTCMKTS:SVNDY) last announced its earnings results on Thursday, July 9th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The firm had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $14.97 billion. Seven and I had a return on equity of 7.81% and a net margin of 3.03%. Analysts expect that Seven and I Holdings Co. will post 0.77 earnings per share for the current year.

Seven and I Company Profile

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.