Seven and I (OTCMKTS:SVNDY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Seven and I Holdings Co. (OTCMKTS:SVNDY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.65 and traded as high as $12.71. Seven and I shares last traded at $12.63, with a volume of 57,703 shares changing hands.

Analyst Ratings Changes

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

Seven and I Trading Up 0.2%

The firm has a market cap of $29.24 billion, a price-to-earnings ratio of 15.18 and a beta of 0.29. The company has a fifty day moving average price of $12.66 and a 200-day moving average price of $12.78. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.90.

Seven and I (OTCMKTS:SVNDY) last posted its earnings results on Thursday, July 9th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.10 by $0.11. The firm had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.97 billion. Seven and I had a return on equity of 7.87% and a net margin of 3.03%. As a group, research analysts expect that Seven and I Holdings Co. will post 0.83 EPS 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.