Seven and I (OTCMKTS:SVNDY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Seven and I Holdings Co. (OTCMKTS:SVNDY) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $12.92 and traded as high as $12.9350. Seven and I shares last traded at $12.79, with a volume of 111,935 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Seven and I to a “hold” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Seven and I Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $12.93 and a 200 day simple moving average of $12.58. The stock has a market capitalization of $29.33 billion, a price-to-earnings ratio of 16.40 and a beta of 0.29.

Seven and I (OTCMKTS:SVNDY) last issued its earnings results on Thursday, July 9th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. The company 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 7.87% and a net margin of 3.03%. On average, equities research analysts forecast that Seven and I Holdings Co. will post 0.83 EPS for the current fiscal year.

Seven and I Company Profile

Seven & i Holdings Co, Ltd. is a Japanese retail and consumer services company best known as the parent of the 7-Eleven convenience-store business. Through its subsidiaries, the company operates convenience stores offering prepared foods, beverages, groceries, household goods, fuel and everyday services. Its convenience-store operations serve customers in Japan, North America and other international markets.

The company also operates or has operated supermarkets and specialty retail businesses in Japan, including Ito-Yokado stores and other food and merchandise formats.