Seven and I (OTCMKTS:SVNDY) Shares Cross Above Fifty Day Moving Average – What’s Next?

Seven and I Holdings Co. (OTCMKTS:SVNDY) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.07 and traded as high as $12.91. Seven and I shares last traded at $12.74, with a volume of 150,040 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SVNDY. Zacks Research upgraded 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 report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Seven and I Price Performance

The company has a 50 day simple moving average of $12.07 and a 200 day simple moving average of $13.03. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $30.33 billion, a price-to-earnings ratio of 15.35 and a beta of 0.30.

Seven and I (OTCMKTS:SVNDY) last released its quarterly 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 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, research analysts predict that Seven and I Holdings Co. will post 0.77 EPS 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.