Seven and I (OTCMKTS:SVNDY) Shares Gap Up – Here’s Why

Seven and I Holdings Co. (OTCMKTS:SVNDY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $12.55, but opened at $13.05. Seven and I shares last traded at $13.03, with a volume of 3,667 shares trading hands.

Analyst Ratings Changes

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

Seven and I Stock Performance

The company has a market capitalization of $31.24 billion, a price-to-earnings ratio of 15.81 and a beta of 0.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.94 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $13.01.

Seven and I (OTCMKTS:SVNDY) last released its quarterly earnings data on Thursday, July 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.11. The business had revenue of $14.65 billion during the quarter, compared to analysts’ expectations 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, analysts anticipate that Seven and I Holdings Co. will post 0.77 earnings per share for the current year.

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.