Seven and I (OTCMKTS:SVNDY) Sees Large Volume Increase – Here’s Why

Seven and I Holdings Co. (OTCMKTS:SVNDY) shares saw unusually-high 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 have recently issued reports on SVNDY shares. Sanford C. Bernstein upgraded Seven and I to a “hold” rating in a research report on Tuesday, May 26th. Zacks Research raised shares of Seven and I to a “hold” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Seven and I currently has an average rating of “Hold”.

Seven and I Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 0.79 and a quick ratio of 0.67. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 14.59 and a beta of 0.30. The business’s fifty day simple moving average is $12.00 and its 200 day simple moving average is $13.10.

Seven and I (OTCMKTS:SVNDY) last announced its quarterly earnings data on Thursday, July 9th. The company reported $0.21 earnings per share for the quarter, beating 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 net margin of 3.03% and a return on equity of 7.81%. On average, research analysts forecast 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.